Stanley Laman Group Ltd. trimmed its position in Archer Daniels Midland Co (NYSE:ADM) by 19.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,541 shares of the company’s stock after selling 6,055 shares during the period. Stanley Laman Group Ltd.’s holdings in Archer Daniels Midland were worth $1,042,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of ADM. Alpha Omega Wealth Management LLC lifted its holdings in Archer Daniels Midland by 39.0% in the first quarter. Alpha Omega Wealth Management LLC now owns 837 shares of the company’s stock valued at $36,000 after acquiring an additional 235 shares during the period. Tompkins Financial Corp increased its holdings in shares of Archer Daniels Midland by 12.7% in the 1st quarter. Tompkins Financial Corp now owns 2,182 shares of the company’s stock valued at $110,000 after acquiring an additional 246 shares during the period. Cornerstone Advisors Inc. grew its stake in Archer Daniels Midland by 72.1% during the 1st quarter. Cornerstone Advisors Inc. now owns 616 shares of the company’s stock worth $27,000 after buying an additional 258 shares during the last quarter. Renaissance Group LLC grew its stake in Archer Daniels Midland by 1.2% during the 1st quarter. Renaissance Group LLC now owns 21,843 shares of the company’s stock worth $942,000 after buying an additional 261 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its stake in Archer Daniels Midland by 1.5% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 18,412 shares of the company’s stock worth $794,000 after buying an additional 272 shares during the last quarter. 75.85% of the stock is currently owned by institutional investors.
Several research firms have weighed in on ADM. ValuEngine downgraded Archer Daniels Midland from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Robert W. Baird reiterated an “outperform” rating and set a $48.00 price target (down previously from $54.00) on shares of Archer Daniels Midland in a research note on Monday, April 29th. Buckingham Research dropped their price target on Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Stifel Nicolaus decreased their price objective on Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. Finally, BMO Capital Markets raised Archer Daniels Midland from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $50.00 to $51.00 in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $49.71.
Shares of ADM stock traded down $0.31 on Wednesday, hitting $37.09. The company had a trading volume of 874,099 shares, compared to its average volume of 3,705,928. The stock has a market capitalization of $20.89 billion, a price-to-earnings ratio of 10.60 and a beta of 1.05. The company’s 50-day simple moving average is $40.46. The company has a current ratio of 1.55, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41. Archer Daniels Midland Co has a twelve month low of $36.45 and a twelve month high of $52.06.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). The company had revenue of $16.30 billion during the quarter, compared to analyst estimates of $16.79 billion. Archer Daniels Midland had a net margin of 2.08% and a return on equity of 8.53%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS. As a group, sell-side analysts predict that Archer Daniels Midland Co will post 2.86 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.77%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 40.00%.
About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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