Alpha Paradigm Partners LLC trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 33.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,093 shares of the company’s stock after selling 2,035 shares during the period. Alpha Paradigm Partners LLC’s holdings in Archer-Daniels-Midland were worth $248,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in ADM. People s United Financial Inc. lifted its position in shares of Archer-Daniels-Midland by 1.5% during the second quarter. People s United Financial Inc. now owns 11,112 shares of the company’s stock worth $673,000 after purchasing an additional 166 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Archer-Daniels-Midland by 3.4% during the first quarter. Rehmann Capital Advisory Group now owns 5,336 shares of the company’s stock worth $304,000 after purchasing an additional 175 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its position in shares of Archer-Daniels-Midland by 3.5% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 5,160 shares of the company’s stock worth $313,000 after purchasing an additional 175 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Archer-Daniels-Midland by 3.7% during the second quarter. O Shaughnessy Asset Management LLC now owns 5,840 shares of the company’s stock worth $354,000 after purchasing an additional 209 shares during the last quarter. Finally, Eudaimonia Partners LLC lifted its position in shares of Archer-Daniels-Midland by 1.4% during the first quarter. Eudaimonia Partners LLC now owns 15,716 shares of the company’s stock worth $895,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.
In related news, CEO Juan R. Luciano acquired 16,790 shares of the stock in a transaction that occurred on Thursday, July 29th. The shares were acquired at an average price of $59.54 per share, for a total transaction of $999,676.60. Following the completion of the purchase, the chief executive officer now directly owns 483,994 shares of the company’s stock, valued at $28,817,002.76. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.
Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Monday, July 26th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.03 by $0.30. Archer-Daniels-Midland had a net margin of 3.09% and a return on equity of 13.30%. The company had revenue of $22.93 billion for the quarter, compared to analyst estimates of $18.30 billion. During the same quarter last year, the business earned $0.85 earnings per share. Archer-Daniels-Midland’s revenue was up 40.8% compared to the same quarter last year. Analysts predict that Archer-Daniels-Midland Company will post 4.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 8th. Investors of record on Wednesday, August 18th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, August 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.35%. Archer-Daniels-Midland’s dividend payout ratio is presently 41.23%.
ADM has been the topic of several research reports. Stephens lowered shares of Archer-Daniels-Midland from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $65.00 to $67.00 in a research note on Tuesday. Jefferies Financial Group initiated coverage on shares of Archer-Daniels-Midland in a research note on Wednesday, July 21st. They set a “hold” rating and a $55.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Wednesday, August 11th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Buy” and a consensus price target of $65.42.
Archer-Daniels-Midland Co processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.
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