Victory Capital Management Inc. Boosts Position in Archer-Daniels-Midland Company (ADM)

Victory Capital Management Inc. raised its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 23.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,447,977 shares of the company’s stock after buying an additional 1,208,413 shares during the period. Archer-Daniels-Midland accounts for 0.6% of Victory Capital Management Inc.’s portfolio, making the stock its 4th largest position. Victory Capital Management Inc. owned 1.15% of Archer-Daniels-Midland worth $266,817,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of ADM. Guardian Life Insurance Co. of America raised its position in Archer-Daniels-Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after buying an additional 8 shares during the period. V Wealth Management LLC boosted its position in shares of Archer-Daniels-Midland by 0.5% in the second quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock valued at $184,000 after buying an additional 22 shares during the last quarter. Hefty Wealth Partners boosted its position in shares of Archer-Daniels-Midland by 0.5% in the second quarter. Hefty Wealth Partners now owns 4,704 shares of the company’s stock valued at $194,000 after buying an additional 24 shares during the last quarter. ProVise Management Group LLC boosted its position in shares of Archer-Daniels-Midland by 0.6% in the first quarter. ProVise Management Group LLC now owns 6,672 shares of the company’s stock valued at $307,000 after buying an additional 41 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. boosted its position in shares of Archer-Daniels-Midland by 0.6% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 10,084 shares of the company’s stock valued at $464,000 after buying an additional 58 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

Archer-Daniels-Midland Company (NYSE:ADM) traded up 0.14% during trading on Wednesday, hitting $41.78. The stock had a trading volume of 372,258 shares. The company has a 50-day moving average of $41.72 and a 200 day moving average of $43.20. Archer-Daniels-Midland Company has a 52 week low of $40.22 and a 52 week high of $47.88. The company has a market cap of $23.50 billion, a price-to-earnings ratio of 17.67 and a beta of 1.11.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. Archer-Daniels-Midland’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. On average, equities research analysts anticipate that Archer-Daniels-Midland Company will post $2.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is 53.78%.

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A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective (up previously from $40.00) on shares of Archer-Daniels-Midland in a research report on Thursday, August 3rd. Credit Suisse Group set a $45.00 price objective on shares of Archer-Daniels-Midland and gave the company a “hold” rating in a research report on Tuesday, July 18th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $45.10.

Archer-Daniels-Midland Company Profile

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

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