Forum Financial Management LP Has $647,000 Stock Holdings in Archer Daniels Midland Company $ADM

Forum Financial Management LP lifted its holdings in Archer Daniels Midland Company (NYSE:ADM) by 37.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 12,259 shares of the company’s stock after acquiring an additional 3,366 shares during the quarter. Forum Financial Management LP’s holdings in Archer Daniels Midland were worth $647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Archer Daniels Midland by 10.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock worth $26,863,000 after acquiring an additional 49,954 shares in the last quarter. Perpetual Ltd purchased a new stake in shares of Archer Daniels Midland during the second quarter worth $227,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Archer Daniels Midland by 0.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,506,219 shares of the company’s stock worth $72,314,000 after acquiring an additional 5,348 shares in the last quarter. Marathon Asset Management Ltd raised its holdings in shares of Archer Daniels Midland by 4.2% during the first quarter. Marathon Asset Management Ltd now owns 296,408 shares of the company’s stock worth $14,230,000 after acquiring an additional 11,940 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Archer Daniels Midland by 7.4% during the first quarter. Asset Management One Co. Ltd. now owns 197,432 shares of the company’s stock worth $9,479,000 after acquiring an additional 13,670 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADM has been the subject of several recent research reports. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Friday. 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. 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, JPMorgan Chase & Co. assumed 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. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland Trading Up 1.4%

Shares of NYSE:ADM opened at $63.40 on Friday. The company has a market cap of $30.46 billion, a P/E ratio of 27.93, a P/E/G ratio of 4.93 and a beta of 0.70. The stock’s 50-day moving average is $61.69 and its 200-day moving average is $54.89. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week 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.

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

Archer Daniels Midland Announces Dividend

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