IFP Advisors Inc increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 30.3% during the second quarter, Holdings Channel reports. The fund owned 13,484 shares of the company’s stock after buying an additional 3,138 shares during the period. IFP Advisors Inc’s holdings in Archer-Daniels-Midland were worth $558,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ADM. Raymond James Trust N.A. increased its stake in Archer-Daniels-Midland by 3.4% in the first quarter. Raymond James Trust N.A. now owns 4,652 shares of the company’s stock valued at $214,000 after buying an additional 152 shares in the last quarter. Tompkins Financial Corp increased its stake in Archer-Daniels-Midland by 81.6% in the first quarter. Tompkins Financial Corp now owns 8,112 shares of the company’s stock valued at $295,000 after buying an additional 3,645 shares in the last quarter. Americafirst Capital Management LLC increased its stake in Archer-Daniels-Midland by 704.3% in the first quarter. Americafirst Capital Management LLC now owns 47,100 shares of the company’s stock valued at $2,168,000 after buying an additional 41,244 shares in the last quarter. Berkshire Asset Management LLC PA increased its stake in Archer-Daniels-Midland by 11.5% in the first quarter. Berkshire Asset Management LLC PA now owns 5,238 shares of the company’s stock valued at $241,000 after buying an additional 542 shares in the last quarter. Finally, DnB Asset Management AS increased its stake in Archer-Daniels-Midland by 28.6% in the first quarter. DnB Asset Management AS now owns 81,041 shares of the company’s stock valued at $3,731,000 after buying an additional 18,000 shares in the last quarter. Institutional investors and hedge funds own 73.21% of the company’s stock.

Archer-Daniels-Midland Company (ADM) opened at 41.26 on Friday. Archer-Daniels-Midland Company has a 52-week low of $40.22 and a 52-week high of $47.88. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 17.45 and a beta of 1.11. The company’s 50-day moving average price is $41.60 and its 200-day moving average price is $43.33.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. The firm had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. Analysts predict that Archer-Daniels-Midland Company will post $2.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a yield of 3.10%. Archer-Daniels-Midland’s payout ratio is 53.78%.

WARNING: This piece was posted by Daily Political and is the property of of Daily Political. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/13/ifp-advisors-inc-has-558000-position-in-archer-daniels-midland-company-adm.html.

Several equities research analysts have issued reports on ADM shares. Vetr upgraded Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective on the stock in a report on Monday, May 22nd. Zacks Investment Research downgraded Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. BMO Capital Markets restated a “hold” rating and set a $41.00 price objective on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Finally, Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. 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 stock. The stock has a consensus rating of “Hold” and an average target price of $45.10.

Archer-Daniels-Midland Company Profile

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADM).

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

Receive News & Ratings for Archer-Daniels-Midland Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland Company and related companies with MarketBeat.com's FREE daily email newsletter.