Victory Capital Management Inc. raised its stake in Archer Daniels Midland Company (NYSE:ADM) by 16.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,239,564 shares of the company’s stock after buying an additional 745,593 shares during the period. Archer Daniels Midland Company comprises approximately 0.6% of Victory Capital Management Inc.’s holdings, making the stock its 4th largest position. Victory Capital Management Inc.’s holdings in Archer Daniels Midland Company were worth $241,229,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADM. Raymond James Financial Services Advisors Inc. raised its position in Archer Daniels Midland Company by 11.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 71,072 shares of the company’s stock valued at $3,244,000 after buying an additional 7,360 shares in the last quarter. State Street Corp raised its position in Archer Daniels Midland Company by 2.2% in the fourth quarter. State Street Corp now owns 34,265,037 shares of the company’s stock valued at $1,564,198,000 after buying an additional 725,386 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in Archer Daniels Midland Company by 6.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,542 shares of the company’s stock valued at $801,000 after buying an additional 1,100 shares in the last quarter. Wetherby Asset Management Inc. raised its position in Archer Daniels Midland Company by 2.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 8,132 shares of the company’s stock valued at $372,000 after buying an additional 165 shares in the last quarter. Finally, Vontobel Swiss Wealth Advisors AG raised its position in Archer Daniels Midland Company by 2.3% in the fourth quarter. Vontobel Swiss Wealth Advisors AG now owns 7,085 shares of the company’s stock valued at $323,000 after buying an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 73.05% of the company’s stock.

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

Shares of Archer Daniels Midland Company (NYSE:ADM) traded up 0.02% during mid-day trading on Friday, hitting $42.02. The stock had a trading volume of 2,306,891 shares. The firm’s 50 day moving average price is $42.74 and its 200 day moving average price is $44.34. The company has a market cap of $23.88 billion, a P/E ratio of 17.79 and a beta of 0.90. Archer Daniels Midland Company has a 1-year low of $39.01 and a 1-year high of $47.88.

Archer Daniels Midland Company (NYSE:ADM) last released its quarterly earnings results on Tuesday, May 2nd. The company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Archer Daniels Midland Company had a return on equity of 7.19% and a net margin of 2.05%. The business had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.15 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Analysts predict that Archer Daniels Midland Company will post $2.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th were given a $0.32 dividend. The ex-dividend date was Tuesday, May 16th. This represents a $1.28 annualized dividend and a yield of 3.05%. Archer Daniels Midland Company’s payout ratio is presently 55.05%.

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A number of analysts have recently commented on the company. Credit Suisse Group AG set a $46.00 price target on Archer Daniels Midland Company and gave the company a “hold” rating in a report on Wednesday, March 1st. Stifel Nicolaus cut their price target on Archer Daniels Midland Company from $46.00 to $45.00 and set a “hold” rating on the stock in a report on Tuesday, April 4th. Zacks Investment Research lowered Archer Daniels Midland Company from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. Argus lowered Archer Daniels Midland Company from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, Vetr upgraded Archer Daniels Midland Company from a “buy” rating to a “strong-buy” rating and set a $46.76 price target on the stock in a report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $46.97.

About Archer Daniels Midland Company

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