Archer Daniels Midland Company $ADM Position Raised by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 83.8% during the second quarter, Holdings Channel.com reports. The firm owned 53,593 shares of the company’s stock after acquiring an additional 24,432 shares during the period. D.A. Davidson & CO.’s holdings in Archer Daniels Midland were worth $2,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. apricus wealth LLC raised its stake in shares of Archer Daniels Midland by 18.5% during the second quarter. apricus wealth LLC now owns 65,406 shares of the company’s stock valued at $3,452,000 after purchasing an additional 10,205 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake in shares of Archer Daniels Midland by 4.0% during the second quarter. Avidian Wealth Enterprises LLC now owns 13,113 shares of the company’s stock valued at $692,000 after purchasing an additional 510 shares in the last quarter. Unison Advisors LLC raised its stake in shares of Archer Daniels Midland by 1.2% during the second quarter. Unison Advisors LLC now owns 56,157 shares of the company’s stock valued at $2,964,000 after purchasing an additional 657 shares in the last quarter. LMG Wealth Partners LLC raised its stake in shares of Archer Daniels Midland by 1.8% during the second quarter. LMG Wealth Partners LLC now owns 57,618 shares of the company’s stock valued at $3,041,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its stake in shares of Archer Daniels Midland by 9.4% during the second quarter. Cidel Asset Management Inc. now owns 13,385 shares of the company’s stock valued at $706,000 after purchasing an additional 1,145 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Price Performance

NYSE ADM opened at $63.40 on Friday. The company has a 50 day simple moving average of $61.69 and a 200-day simple moving average of $54.98. 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 firm has a market capitalization of $30.46 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 5.00 and a beta of 0.70. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.57.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly 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 during the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. Equities research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ADM. UBS Group restated a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price on the stock. Finally, Morgan Stanley lifted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland currently has an average rating of “Hold” and a consensus price target of $55.50.

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.