Schroder Investment Management Group reduced its stake in shares of Archer Daniels Midland Co. (NYSE:ADM) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 77,200 shares of the company’s stock after selling 664 shares during the period. Schroder Investment Management Group’s holdings in Archer Daniels Midland were worth $3,311,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of Archer Daniels Midland by 31.3% in the second quarter. JPMorgan Chase & Co. now owns 1,982,087 shares of the company’s stock worth $85,011,000 after buying an additional 472,057 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Archer Daniels Midland by 22.9% in the second quarter. Advisors Asset Management Inc. now owns 94,403 shares of the company’s stock worth $4,049,000 after buying an additional 17,600 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Archer Daniels Midland by 20.1% in the second quarter. Oppenheimer & Co. Inc. now owns 42,200 shares of the company’s stock worth $1,810,000 after buying an additional 7,052 shares during the last quarter. CFO4Life L.P. acquired a new stake in shares of Archer Daniels Midland during the second quarter worth about $206,000. Finally, Alambic Investment Management L.P. boosted its stake in shares of Archer Daniels Midland by 33.7% in the second quarter. Alambic Investment Management L.P. now owns 49,750 shares of the company’s stock worth $2,134,000 after buying an additional 12,550 shares during the last quarter. Hedge funds and other institutional investors own 72.78% of the company’s stock.

Archer Daniels Midland Co. (NYSE:ADM) traded up 1.12% on Wednesday, hitting $42.62. The stock had a trading volume of 1,869,314 shares. The company has a 50-day moving average price of $43.33 and a 200-day moving average price of $40.91. Archer Daniels Midland Co. has a 1-year low of $29.86 and a 1-year high of $47.03. The stock has a market capitalization of $24.79 billion, a price-to-earnings ratio of 17.24 and a beta of 1.08.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.04. Archer Daniels Midland had a return on equity of 6.88% and a net margin of 2.35%. The firm earned $15.63 billion during the quarter, compared to analysts’ expectations of $16.57 billion. During the same period last year, the business posted $0.60 EPS. The company’s revenue was down 9.1% compared to the same quarter last year. Equities analysts predict that Archer Daniels Midland Co. will post $2.27 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.85%. The ex-dividend date was Monday, August 15th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 48.58%.

A number of equities research analysts have recently issued reports on ADM shares. BMO Capital Markets raised shares of Archer Daniels Midland from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $40.44 to $48.00 in a research report on Tuesday, May 24th. Stephens reissued a “hold” rating on shares of Archer Daniels Midland in a research report on Monday, June 6th. Citigroup Inc. raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and boosted their target price for the company from $42.00 to $50.00 in a research report on Thursday, May 26th. Macquarie boosted their target price on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, August 29th. Finally, BB&T Corp. assumed coverage on shares of Archer Daniels Midland in a research report on Tuesday, July 12th. They issued a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.07.

In related news, insider Ambrose Michael D sold 41,525 shares of Archer Daniels Midland stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $45.00, for a total value of $1,868,625.00. Following the completion of the sale, the insider now owns 198,028 shares of the company’s stock, valued at approximately $8,911,260. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.15% of the stock is owned by corporate insiders.

About Archer Daniels Midland

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