Leavell Investment Management Inc. Takes Position in Archer Daniels Midland Company $ADM

Leavell Investment Management Inc. acquired a new stake in shares of Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,987 shares of the company’s stock, valued at approximately $210,000.

Several other large investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in Archer Daniels Midland by 17.9% in the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Archer Daniels Midland by 350.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock worth $838,030,000 after purchasing an additional 13,579,379 shares during the last quarter. Northern Trust Corp increased its position in Archer Daniels Midland by 3.7% in the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock worth $549,634,000 after purchasing an additional 413,314 shares during the last quarter. Invesco Ltd. increased its position in Archer Daniels Midland by 8.5% in the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock worth $372,250,000 after purchasing an additional 607,767 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Archer Daniels Midland by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company’s stock worth $144,783,000 after purchasing an additional 184,852 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. UBS Group reiterated a “buy” rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective 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. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $55.50.

Archer Daniels Midland Stock Down 2.3%

Shares of ADM opened at $61.88 on Tuesday. The firm has a market capitalization of $29.73 billion, a P/E ratio of 27.26, a P/E/G ratio of 5.00 and a beta of 0.70. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $65.00. 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 firm has a fifty day moving average price of $61.74 and a 200-day moving average price of $55.18.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Monday, December 2nd. The company reported $1.63 earnings per share (EPS) for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm had revenue of $21.70 billion during the quarter. Equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. Archer Daniels Midland’s dividend payout ratio 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.