American Century Companies Inc. lowered its position in Archer-Daniels-Midland Company (NYSE:ADM) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,627 shares of the company’s stock after selling 1,035 shares during the period. American Century Companies Inc.’s holdings in Archer-Daniels-Midland were worth $688,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Archer-Daniels-Midland by 4.0% in the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock valued at $1,998,037,000 after acquiring an additional 1,672,627 shares during the last quarter. BlackRock Inc. raised its stake in shares of Archer-Daniels-Midland by 1,027.8% in the first quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock valued at $1,806,998,000 after acquiring an additional 35,768,331 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Archer-Daniels-Midland by 1.2% in the first quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock valued at $781,486,000 after acquiring an additional 207,704 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Archer-Daniels-Midland by 23.1% in the second quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock valued at $266,817,000 after acquiring an additional 1,208,413 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Archer-Daniels-Midland by 5.7% in the first quarter. Geode Capital Management LLC now owns 5,327,074 shares of the company’s stock valued at $244,894,000 after acquiring an additional 287,718 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.
A number of research analysts have recently issued reports on ADM shares. Citigroup Inc. reiterated a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. BMO Capital Markets reiterated a “hold” rating and issued a $41.00 target price on shares of Archer-Daniels-Midland in a research note on Tuesday, June 27th. Argus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price (up previously 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 assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $44.22.
Archer-Daniels-Midland Company (ADM) opened at 43.84 on Monday. Archer-Daniels-Midland Company has a 52-week low of $40.22 and a 52-week high of $47.88. The company has a 50-day moving average of $42.21 and a 200 day moving average of $42.95. The company has a market cap of $24.66 billion, a PE ratio of 18.54 and a beta of 1.11.
Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $15.86 billion. During the same quarter last year, the business posted $0.41 earnings per share. The company’s quarterly revenue was down 4.4% on a year-over-year basis. Equities research analysts predict that Archer-Daniels-Midland Company will post $2.60 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were given a $0.32 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.92%. Archer-Daniels-Midland’s dividend payout ratio is currently 53.78%.
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