Blair William & Co. IL Purchases 2,689 Shares of Archer Daniels Midland Company $ADM

Blair William & Co. IL raised its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,927 shares of the company’s stock after acquiring an additional 2,689 shares during the quarter. Blair William & Co. IL’s holdings in Archer Daniels Midland were worth $4,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ADM. Charles Schwab Investment Management Inc. boosted its position in Archer Daniels Midland by 350.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock valued at $838,030,000 after acquiring an additional 13,579,379 shares in the last quarter. Wellington Management Group LLP boosted its position in Archer Daniels Midland by 17.9% during the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock valued at $1,197,568,000 after acquiring an additional 3,791,597 shares in the last quarter. Nuveen LLC bought a new stake in Archer Daniels Midland during the 1st quarter valued at $81,306,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in Archer Daniels Midland during the 2nd quarter valued at $39,094,000. Finally, Invesco Ltd. boosted its position in Archer Daniels Midland by 8.5% during the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock valued at $372,250,000 after acquiring an additional 607,767 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ADM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. UBS Group reiterated a “buy” rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.50.

Archer Daniels Midland Stock Performance

Shares of ADM stock opened at $60.86 on Monday. The firm has a market capitalization of $29.24 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 3.24 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The business has a fifty day moving average of $60.78 and a 200 day moving average of $53.85. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $64.38.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Monday, December 2nd. The company reported $1.63 earnings per share (EPS) for the quarter. The company had revenue of $21.70 billion during the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. As a group, research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.51 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Archer Daniels Midland’s dividend payout ratio (DPR) is 89.87%.

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.