Palisade Asset Management LLC maintained its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the second quarter, Holdings Channel reports. The institutional investor owned 30,953 shares of the company’s stock at the end of the second quarter. Palisade Asset Management LLC’s holdings in Archer-Daniels-Midland were worth $1,281,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in ADM. Guardian Life Insurance Co. of America raised its position in shares of Archer-Daniels-Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after buying an additional 8 shares in the last quarter. V Wealth Management LLC raised its position in shares of Archer-Daniels-Midland by 0.5% in the second quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock valued at $184,000 after buying an additional 22 shares in the last quarter. Hefty Wealth Partners raised its position in shares of Archer-Daniels-Midland by 0.5% in the second quarter. Hefty Wealth Partners now owns 4,704 shares of the company’s stock valued at $194,000 after buying an additional 24 shares in the last quarter. ProVise Management Group LLC raised its position in shares of Archer-Daniels-Midland by 0.6% in the first quarter. ProVise Management Group LLC now owns 6,672 shares of the company’s stock valued at $307,000 after buying an additional 41 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. raised its position in shares of Archer-Daniels-Midland by 0.6% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 10,084 shares of the company’s stock valued at $464,000 after buying an additional 58 shares in the last quarter. Institutional investors own 73.21% of the company’s stock.

Archer-Daniels-Midland Company (ADM) opened at 42.49 on Thursday. The stock has a market capitalization of $23.90 billion, a price-to-earnings ratio of 17.97 and a beta of 1.11. Archer-Daniels-Midland Company has a 12 month low of $40.22 and a 12 month high of $47.88. The stock’s 50 day moving average is $41.57 and its 200-day moving average is $43.36.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $15.86 billion. During the same period in the previous year, the business earned $0.41 EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. On average, equities research analysts expect that Archer-Daniels-Midland Company will post $2.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.01%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 53.78%.

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Several brokerages have commented on ADM. Zacks Investment Research lowered shares of Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Vetr upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price target on the stock in a research note on Wednesday, May 31st. BidaskClub upgraded shares of Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Citigroup Inc. reiterated a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target (up from $40.00) on shares of Archer-Daniels-Midland in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.10.

About Archer-Daniels-Midland

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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