Johnson Financial Group Inc. boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,848 shares of the company’s stock after buying an additional 3,923 shares during the quarter. Johnson Financial Group Inc.’s holdings in Archer-Daniels-Midland were worth $3,387,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Guardian Life Insurance Co. of America lifted its position in Archer-Daniels-Midland by 0.4% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock worth $102,000 after buying an additional 8 shares in the last quarter. V Wealth Management LLC raised its holdings in shares of Archer-Daniels-Midland by 0.5% during the 2nd quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock valued at $184,000 after purchasing an additional 22 shares in the last quarter. Hefty Wealth Partners raised its holdings in shares of Archer-Daniels-Midland by 0.5% during the 2nd quarter. Hefty Wealth Partners now owns 4,704 shares of the company’s stock valued at $194,000 after purchasing an additional 24 shares in the last quarter. ProVise Management Group LLC raised its holdings in shares of Archer-Daniels-Midland by 0.6% during the 1st quarter. ProVise Management Group LLC now owns 6,672 shares of the company’s stock valued at $307,000 after purchasing an additional 41 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. raised its holdings in shares of Archer-Daniels-Midland by 0.6% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 10,084 shares of the company’s stock valued at $464,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 72.86% of the company’s stock.

Archer-Daniels-Midland Company (NYSE ADM) traded down 0.28% on Friday, hitting $42.47. 614,414 shares of the stock were exchanged. Archer-Daniels-Midland Company has a one year low of $40.22 and a one year high of $47.88. The stock has a market capitalization of $23.89 billion, a P/E ratio of 17.96 and a beta of 1.11. The company has a 50 day moving average of $41.94 and a 200 day moving average of $43.02.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The business had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue was down 4.4% on a year-over-year basis. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post $2.60 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is 53.78%.

ADM has been the topic of a number of recent research reports. Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. 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 report on Monday, May 22nd. Finally, BidaskClub upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $43.39.

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Archer-Daniels-Midland Profile

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

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