Retirement Systems of Alabama Cuts Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Retirement Systems of Alabama trimmed its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 7.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,069 shares of the company’s stock after selling 8,655 shares during the quarter. Retirement Systems of Alabama’s holdings in Archer-Daniels-Midland were worth $6,593,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADM. NBC Securities Inc. raised its holdings in shares of Archer-Daniels-Midland by 9.6% in the 1st quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock worth $114,000 after purchasing an additional 159 shares during the period. Quent Capital LLC grew its stake in Archer-Daniels-Midland by 8.2% during the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock worth $130,000 after buying an additional 164 shares during the period. Accordant Advisory Group Inc raised its stake in shares of Archer-Daniels-Midland by 0.8% in the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock valued at $1,418,000 after acquiring an additional 176 shares during the period. CHICAGO TRUST Co NA boosted its position in Archer-Daniels-Midland by 4.4% during the 1st quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock worth $264,000 after purchasing an additional 177 shares during the period. Finally, Ameritas Investment Partners Inc. increased its holdings in Archer-Daniels-Midland by 0.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock valued at $1,577,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADM. JPMorgan Chase & Co. upped their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Citigroup lowered their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.62.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $60.50 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $81.87. The business’s fifty day moving average price is $61.27 and its 200 day moving average price is $60.03. The stock has a market capitalization of $29.91 billion, a PE ratio of 10.61 and a beta of 0.74.

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

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

Archer-Daniels-Midland Profile

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.