Archer Daniels Midland Company $ADM Shares Purchased by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs lifted its stake in Archer Daniels Midland Company (NYSE:ADM) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,605 shares of the company’s stock after acquiring an additional 1,725 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Archer Daniels Midland were worth $1,193,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of Archer Daniels Midland in 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. Pandora Wealth Inc. acquired a new stake in Archer Daniels Midland during the 1st quarter worth approximately $39,000. Finally, Golden State Wealth Management LLC lifted its holdings in Archer Daniels Midland by 109.8% during the 1st quarter. Golden State Wealth Management LLC now owns 839 shares of the company’s stock worth $40,000 after buying an additional 439 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ADM shares. Barclays raised shares of 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 research report on Wednesday, August 6th. JPMorgan Chase & Co. started 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 objective on the stock. UBS Group reissued a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Friday. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $55.50.

Archer Daniels Midland Trading Up 1.4%

Shares of Archer Daniels Midland stock opened at $63.40 on Monday. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $64.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The company has a market capitalization of $30.46 billion, a P/E ratio of 27.93, a PEG ratio of 5.00 and a beta of 0.70. The company’s fifty day moving average is $61.69 and its two-hundred day moving average is $55.05.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Monday, December 2nd. The company reported $1.63 EPS 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 year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. Archer Daniels Midland’s payout ratio is 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.