Linden Thomas Advisory Services LLC Purchases New Position in Archer Daniels Midland Company $ADM

Linden Thomas Advisory Services LLC acquired a new position in shares of Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 4,906 shares of the company’s stock, valued at approximately $259,000.

Several other hedge funds have also bought and sold shares of the business. SOA Wealth Advisors LLC. bought a new position in shares of Archer Daniels Midland in the second quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in Archer Daniels Midland during the first quarter valued at approximately $25,000. Trust Co. of Toledo NA OH bought a new position in Archer Daniels Midland during the second quarter valued at approximately $32,000. Pandora Wealth Inc. purchased a new stake in Archer Daniels Midland during the first quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC increased its holdings in Archer Daniels Midland by 109.8% during the first quarter. Golden State Wealth Management LLC now owns 839 shares of the company’s stock valued at $40,000 after buying an additional 439 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Down 2.3%

NYSE:ADM opened at $61.88 on Tuesday. The company’s 50 day moving average is $61.74 and its two-hundred day moving average is $55.18. The company has a market cap of $29.73 billion, a PE ratio of 27.26, a P/E/G ratio of 5.00 and a beta of 0.70. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $65.00.

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

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is 89.87%.

Analyst Ratings Changes

ADM has been the subject of a number of research reports. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. Morgan Stanley lifted their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 target price for the company. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.50.

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.