Foster & Motley Inc. Decreases Holdings in Archer Daniels Midland Company $ADM

Foster & Motley Inc. trimmed its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,593 shares of the company’s stock after selling 1,057 shares during the quarter. Foster & Motley Inc.’s holdings in Archer Daniels Midland were worth $1,509,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ADM. GAMMA Investing LLC raised its position in shares of Archer Daniels Midland by 52.8% during the 1st quarter. GAMMA Investing LLC now owns 11,222 shares of the company’s stock valued at $539,000 after buying an additional 3,880 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Archer Daniels Midland during the 1st quarter valued at about $333,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Archer Daniels Midland by 0.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 53,303 shares of the company’s stock valued at $2,559,000 after buying an additional 343 shares in the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of Archer Daniels Midland by 38.5% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 17,839 shares of the company’s stock valued at $858,000 after buying an additional 4,958 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its position in shares of Archer Daniels Midland by 18.8% during the 1st quarter. CWA Asset Management Group LLC now owns 6,043 shares of the company’s stock valued at $290,000 after buying an additional 956 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. 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. 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. JPMorgan Chase & Co. initiated 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.50.

Archer Daniels Midland Stock Performance

Shares of NYSE:ADM opened at $63.29 on Friday. The firm has a market cap of $30.41 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 5.00 and a beta of 0.70. The firm’s 50 day simple moving average is $61.35 and its 200-day simple moving average is $54.32. Archer Daniels Midland Company has a one year low of $40.98 and a one 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.

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

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were given a dividend of $0.51 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 89.87%.

Archer Daniels Midland 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.