Cidel Asset Management Inc. Has $706,000 Stock Position in Archer Daniels Midland Company $ADM

Cidel Asset Management Inc. increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 9.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,385 shares of the company’s stock after purchasing an additional 1,145 shares during the period. Cidel Asset Management Inc.’s holdings in Archer Daniels Midland were worth $706,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Archer Daniels Midland in the second quarter worth approximately $12,641,000. Chevy Chase Trust Holdings LLC boosted its holdings in Archer Daniels Midland by 1.0% in the second quarter. Chevy Chase Trust Holdings LLC now owns 261,078 shares of the company’s stock worth $13,780,000 after acquiring an additional 2,625 shares in the last quarter. Easterly Investment Partners LLC bought a new position in Archer Daniels Midland in the second quarter worth approximately $1,413,000. Allianz Asset Management GmbH boosted its holdings in Archer Daniels Midland by 61.2% in the second quarter. Allianz Asset Management GmbH now owns 598,476 shares of the company’s stock worth $31,588,000 after acquiring an additional 227,218 shares in the last quarter. Finally, Generali Asset Management SPA SGR boosted its holdings in Archer Daniels Midland by 2.8% in the second quarter. Generali Asset Management SPA SGR now owns 17,043 shares of the company’s stock worth $900,000 after acquiring an additional 464 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $63.29 on Monday. 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 market capitalization of $30.41 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 5.00 and a beta of 0.70. The stock has a 50 day moving average of $61.35 and a 200 day moving average of $54.36. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.57.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The company 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%. As a group, sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 89.87%.

Analysts Set New Price Targets

Several brokerages have issued reports on ADM. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price target on the stock. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group restated a “buy” rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Morgan Stanley raised their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Finally, Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $50.00 to $61.00 in a 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $55.50.

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.