MMA Asset Management LLC Raises Stake in Archer Daniels Midland Company $ADM

MMA Asset Management LLC increased its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 35.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,402 shares of the company’s stock after buying an additional 2,476 shares during the period. MMA Asset Management LLC’s holdings in Archer Daniels Midland were worth $496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Archer Daniels Midland during the 1st quarter worth approximately $25,000. SOA Wealth Advisors LLC. bought a new position in Archer Daniels Midland during the second quarter valued at $25,000. Trust Co. of Toledo NA OH bought a new position in Archer Daniels Midland during the second quarter valued at $32,000. Pandora Wealth Inc. purchased a new stake in Archer Daniels Midland in the first quarter worth $39,000. Finally, Hexagon Capital Partners LLC raised its stake in shares of Archer Daniels Midland by 478.7% in the first quarter. Hexagon Capital Partners LLC now owns 1,059 shares of the company’s stock valued at $51,000 after buying an additional 876 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Morgan Stanley upped their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. UBS Group reaffirmed a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.50.

Archer Daniels Midland Price Performance

ADM stock opened at $60.58 on Monday. The firm has a 50 day moving average of $61.71 and a 200-day moving average of $55.66. The firm has a market capitalization of $29.10 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 4.78 and a beta of 0.70. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $65.00. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

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

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.4%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s payout ratio 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.