Rosenberg Matthew Hamilton Sells 1,751 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Rosenberg Matthew Hamilton decreased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 72.0% in the second quarter, Holdings Channel.com reports. The firm owned 681 shares of the company’s stock after selling 1,751 shares during the period. Rosenberg Matthew Hamilton’s holdings in Archer-Daniels-Midland were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cherry Tree Wealth Management LLC bought a new position in shares of Archer-Daniels-Midland during the first quarter valued at about $27,000. Riverview Trust Co purchased a new stake in shares of Archer-Daniels-Midland during the second quarter valued at approximately $27,000. Crewe Advisors LLC purchased a new position in shares of Archer-Daniels-Midland in the first quarter worth $30,000. Rise Advisors LLC bought a new stake in Archer-Daniels-Midland during the 1st quarter valued at $34,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Archer-Daniels-Midland during the first quarter worth about $34,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 0.7 %

ADM stock opened at $60.97 on Thursday. The business’s 50-day moving average price is $61.30 and its 200-day moving average price is $60.14. The stock has a market cap of $30.15 billion, a P/E ratio of 10.70 and a beta of 0.74. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $81.70. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

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

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be issued a $0.50 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ADM shares. JPMorgan Chase & Co. lifted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a 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 report on Monday, July 15th. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.