Azzad Asset Management Inc. ADV Has $1.92 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Azzad Asset Management Inc. ADV raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 26.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,798 shares of the company’s stock after purchasing an additional 6,612 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Archer-Daniels-Midland were worth $1,922,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cherry Tree Wealth Management LLC bought a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $27,000. Riverview Trust Co bought a new stake in shares of Archer-Daniels-Midland in the second quarter valued at about $27,000. Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $30,000. Rise Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $34,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $34,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of recent research reports. Citigroup reduced their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of 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 investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus target price of $64.62.

Archer-Daniels-Midland Stock Up 0.2 %

ADM stock opened at $60.97 on Friday. The stock has a market capitalization of $30.15 billion, a P/E ratio of 10.70 and a beta of 0.74. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $81.70. The firm has a 50-day moving average price of $61.31 and a 200-day moving average price of $60.15.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, July 30th. The company reported $1.03 EPS 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 return on equity of 12.06% and a net margin of 2.93%. The firm’s revenue was down 11.7% compared to the same quarter last year. During the same period last year, the company posted $1.89 EPS. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.41 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Insider Activity

In other news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

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.