Stanley Laman Group Ltd. Decreases Stock Holdings in Archer Daniels Midland Company $ADM

Stanley Laman Group Ltd. cut its stake in Archer Daniels Midland Company (NYSE:ADM) by 8.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 75,383 shares of the company’s stock after selling 6,719 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Archer Daniels Midland were worth $3,979,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Beacon Financial Advisory LLC grew its holdings in shares of Archer Daniels Midland by 1.0% in the 2nd quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company’s stock worth $977,000 after acquiring an additional 185 shares during the period. Argyle Capital Management LLC boosted its position in Archer Daniels Midland by 1.0% during the second quarter. Argyle Capital Management LLC now owns 20,575 shares of the company’s stock worth $1,086,000 after purchasing an additional 200 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in Archer Daniels Midland by 5.4% in the first quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company’s stock valued at $207,000 after purchasing an additional 220 shares during the last quarter. Edmp Inc. increased its position in shares of Archer Daniels Midland by 3.4% in the second quarter. Edmp Inc. now owns 6,723 shares of the company’s stock valued at $355,000 after buying an additional 221 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its position in shares of Archer Daniels Midland by 4.1% in the first quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company’s stock valued at $289,000 after buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $63.29 on Friday. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.57. The firm has a 50 day simple moving average of $61.35 and a 200-day simple moving average of $54.27. The firm has a market cap of $30.41 billion, a PE ratio of 27.88, a P/E/G ratio of 4.96 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Monday, December 2nd. The company reported $1.63 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%. On average, equities analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio is presently 89.87%.

Analysts Set New Price Targets

A number of brokerages recently commented on ADM. JPMorgan Chase & Co. initiated 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 objective on the stock. Morgan Stanley increased their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, UBS Group reissued a “buy” rating and set a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.50.

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.