26,773 Shares in Archer Daniels Midland Company $ADM Bought by Easterly Investment Partners LLC

Easterly Investment Partners LLC acquired a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 26,773 shares of the company’s stock, valued at approximately $1,413,000.

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

Analyst Upgrades and Downgrades

ADM has been the topic of several recent research reports. UBS Group restated a “buy” rating and set a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Finally, Morgan Stanley increased their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. One equities 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.50.

Archer Daniels Midland Stock Up 0.6%

ADM stock opened at $63.29 on Friday. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $64.57. The company has a market cap of $30.41 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 4.96 and a beta of 0.70. The business’s 50-day simple moving average is $61.35 and its 200 day simple moving average is $54.27. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

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

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 yield of 3.2%. Archer Daniels Midland’s dividend payout ratio (DPR) is 89.87%.

About Archer Daniels Midland

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.