Captrust Financial Advisors bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,780 shares of the company’s stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADM. Boston Partners bought a new position in Archer-Daniels-Midland during the first quarter worth $594,000. Point View Wealth Management Inc. boosted its stake in Archer-Daniels-Midland by 3.9% during the first quarter. Point View Wealth Management Inc. now owns 30,049 shares of the company’s stock worth $1,383,000 after acquiring an additional 1,133 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Archer-Daniels-Midland by 11.8% during the first quarter. Suntrust Banks Inc. now owns 79,778 shares of the company’s stock worth $3,672,000 after acquiring an additional 8,406 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Archer-Daniels-Midland by 509.6% during the first quarter. BNP Paribas Arbitrage SA now owns 695,591 shares of the company’s stock worth $32,025,000 after acquiring an additional 581,494 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in Archer-Daniels-Midland by 13.7% during the first quarter. Xact Kapitalforvaltning AB now owns 86,673 shares of the company’s stock worth $3,990,000 after acquiring an additional 10,457 shares in the last quarter. 72.86% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. 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 raised shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 target price on the stock 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. reissued a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $45.00 target price (up from $40.00) on shares of Archer-Daniels-Midland in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price of $44.22.

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Archer-Daniels-Midland Company (NYSE:ADM) traded down 0.21% on Friday, hitting $43.36. 1,006,266 shares of the company’s stock were exchanged. The stock has a market cap of $24.39 billion, a P/E ratio of 18.33 and a beta of 1.11. Archer-Daniels-Midland Company has a 52-week low of $40.22 and a 52-week high of $47.88. The firm has a 50 day moving average price of $42.15 and a 200-day moving average price of $42.96.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $15.86 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts predict 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. Stockholders of record on Thursday, August 17th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 53.78%.

About Archer-Daniels-Midland

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

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