SignalPoint Asset Management LLC cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,679 shares of the company’s stock after selling 853 shares during the period. SignalPoint Asset Management LLC’s holdings in Archer-Daniels-Midland were worth $607,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Guardian Life Insurance Co. of America increased its stake in 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 during the period. V Wealth Management LLC increased its stake in 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 during the period. Hefty Wealth Partners increased its stake in 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 during the period. ProVise Management Group LLC increased its stake in 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 during the period. Finally, Lowe Brockenbrough & Co. Inc. increased its stake in 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 during the period. 73.21% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Company (NYSE:ADM) opened at 42.44 on Tuesday. Archer-Daniels-Midland Company has a one year low of $40.22 and a one year high of $47.88. The stock’s 50 day moving average is $41.53 and its 200-day moving average is $43.44. The firm has a market capitalization of $23.87 billion, a PE ratio of 17.95 and a beta of 1.11.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be paid a $0.32 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.02%. Archer-Daniels-Midland’s payout ratio is 53.78%.

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Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Vetr raised shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price target for the company in a research note on Wednesday, May 31st. BidaskClub raised shares of Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus set a $45.00 price target on shares of Archer-Daniels-Midland and gave the company a “hold” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus price target 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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