SNS Financial Group LLC Has $976,000 Stake in Archer-Daniels-Midland Company (NYSE:ADM)

SNS Financial Group LLC grew its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 15.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,140 shares of the company’s stock after buying an additional 2,172 shares during the period. SNS Financial Group LLC’s holdings in Archer-Daniels-Midland were worth $976,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ADM. Vanguard Group Inc. lifted its holdings in Archer-Daniels-Midland by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock worth $4,260,165,000 after purchasing an additional 7,320,289 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Archer-Daniels-Midland by 11.1% during the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock worth $1,106,830,000 after buying an additional 1,532,284 shares during the period. First Trust Advisors LP grew its stake in Archer-Daniels-Midland by 3.5% in the 4th quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock valued at $468,591,000 after buying an additional 217,459 shares during the last quarter. Norges Bank bought a new position in Archer-Daniels-Midland in the 4th quarter worth $420,457,000. Finally, Dimensional Fund Advisors LP lifted its position in Archer-Daniels-Midland by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,043,862 shares of the company’s stock worth $292,050,000 after acquiring an additional 244,765 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ADM. Citigroup dropped their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. JPMorgan Chase & Co. lifted their price target 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. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $64.62.

Archer-Daniels-Midland Price Performance

ADM traded up $1.25 during midday trading on Friday, reaching $60.50. 1,713,156 shares of the company’s stock were exchanged, compared to its average volume of 4,758,868. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $81.87. The firm has a market capitalization of $29.91 billion, a price-to-earnings ratio of 10.61 and a beta of 0.74. The business has a 50-day simple moving average of $61.27 and a two-hundred day simple moving average of $59.98. 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 results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The business’s revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the company earned $1.89 earnings per share. As a group, research analysts predict that Archer-Daniels-Midland Company will post 5.41 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

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

Archer-Daniels-Midland Company 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.