Edmp Inc. Buys 221 Shares of Archer Daniels Midland Company $ADM

Edmp Inc. lifted its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,723 shares of the company’s stock after acquiring an additional 221 shares during the period. Edmp Inc.’s holdings in Archer Daniels Midland were worth $355,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. S.A. Mason LLC bought a new stake in shares of Archer Daniels Midland during the first quarter worth $25,000. Headlands Technologies LLC acquired a new position in Archer Daniels Midland during the first quarter worth $25,000. SOA Wealth Advisors LLC. acquired a new position in Archer Daniels Midland during the second quarter worth $25,000. Trust Co. of Toledo NA OH acquired a new position in Archer Daniels Midland during the second quarter worth $32,000. Finally, ORG Partners LLC boosted its holdings in Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company’s stock worth $34,000 after purchasing an additional 523 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

NYSE:ADM opened at $61.58 on Tuesday. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.38. The firm has a market cap of $29.59 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 3.24 and a beta of 0.70. The firm’s 50-day simple moving average is $60.92 and its 200 day simple moving average is $53.95. 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 released its quarterly earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business had revenue of $21.70 billion for the quarter. As a group, sell-side analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a $0.51 dividend. 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 currently 89.87%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADM. Morgan Stanley increased their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. UBS Group reiterated a “buy” rating and issued a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.