Archer Daniels Midland Company $ADM Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC trimmed its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,671 shares of the company’s stock after selling 185 shares during the period. Mutual Advisors LLC’s holdings in Archer Daniels Midland were worth $1,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of Archer Daniels Midland by 17.9% during the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Archer Daniels Midland by 350.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock worth $838,030,000 after acquiring an additional 13,579,379 shares during the period. Northern Trust Corp increased its holdings in shares of Archer Daniels Midland by 3.7% in the 1st quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock worth $549,634,000 after acquiring an additional 413,314 shares during the period. Invesco Ltd. increased its holdings in shares of Archer Daniels Midland by 8.5% in the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock worth $372,250,000 after acquiring an additional 607,767 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Archer Daniels Midland by 6.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company’s stock worth $144,783,000 after acquiring an additional 184,852 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price objective on the stock. UBS Group reaffirmed a “buy” rating and issued a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Morgan Stanley increased their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Finally, Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $63.29 on Friday. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $64.57. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $61.35 and a 200-day moving average of $54.27. The firm has a market cap of $30.41 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 4.96 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Monday, December 2nd. The company reported $1.63 earnings per share for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $21.70 billion during the quarter. Analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 89.87%.

Archer Daniels Midland 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.