Cambridge Investment Research Advisors Inc. Decreases Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Cambridge Investment Research Advisors Inc. lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,947 shares of the company’s stock after selling 1,726 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $11,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ADM. Groesbeck Investment Management Corp NJ increased its holdings in shares of Archer-Daniels-Midland by 16.1% in the 2nd quarter. Groesbeck Investment Management Corp NJ now owns 4,177 shares of the company’s stock valued at $252,000 after purchasing an additional 580 shares in the last quarter. Skylands Capital LLC increased its holdings in Archer-Daniels-Midland by 15.3% in the second quarter. Skylands Capital LLC now owns 56,550 shares of the company’s stock valued at $3,418,000 after buying an additional 7,500 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Archer-Daniels-Midland by 5.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 519,192 shares of the company’s stock valued at $31,385,000 after acquiring an additional 28,908 shares during the period. Easterly Investment Partners LLC boosted its stake in shares of Archer-Daniels-Midland by 57.2% during the 2nd quarter. Easterly Investment Partners LLC now owns 154,234 shares of the company’s stock worth $9,323,000 after acquiring an additional 56,132 shares in the last quarter. Finally, Cypress Capital Group grew its holdings in shares of Archer-Daniels-Midland by 337.9% in the 2nd quarter. Cypress Capital Group now owns 19,200 shares of the company’s stock worth $1,161,000 after acquiring an additional 14,815 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.3 %

Archer-Daniels-Midland stock traded down $0.18 during midday trading on Tuesday, hitting $60.56. 1,767,976 shares of the company were exchanged, compared to its average volume of 4,722,225. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $81.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The company has a market cap of $29.94 billion, a PE ratio of 10.62 and a beta of 0.74. The company’s fifty day moving average price is $61.28 and its 200-day moving average price is $60.09.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). The business had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period last year, the company posted $1.89 earnings per share. On average, research analysts predict that Archer-Daniels-Midland Company will post 5.41 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.30%. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ADM shares. JPMorgan Chase & Co. lifted their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $64.62.

About Archer-Daniels-Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.