Praxis Investment Management Inc. Sells 5,590 Shares of Archer Daniels Midland Company $ADM

Praxis Investment Management Inc. cut its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 25.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,230 shares of the company’s stock after selling 5,590 shares during the quarter. Praxis Investment Management Inc.’s holdings in Archer Daniels Midland were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. S.A. Mason LLC acquired a new stake in Archer Daniels Midland during the 1st quarter worth approximately $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland during the 1st quarter worth approximately $25,000. SOA Wealth Advisors LLC. acquired a new stake in Archer Daniels Midland during the 2nd quarter worth approximately $25,000. Trust Co. of Toledo NA OH acquired a new stake in Archer Daniels Midland during the 2nd quarter worth approximately $32,000. Finally, ORG Partners LLC boosted its position in Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company’s stock worth $34,000 after buying an additional 523 shares during the period. 78.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price target on the stock. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Morgan Stanley boosted their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One 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’s stock. According to MarketBeat, Archer Daniels Midland has an average rating of “Hold” and an average price target of $55.50.

Archer Daniels Midland Stock Performance

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

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Monday, December 2nd. The company reported $1.63 earnings per share for the quarter. The company had revenue of $21.70 billion during 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 anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 3.2%. Archer Daniels Midland’s payout ratio is currently 89.87%.

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.