Sequoia Financial Advisors LLC Increases Holdings in Archer Daniels Midland Company $ADM

Sequoia Financial Advisors LLC increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 83.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,678 shares of the company’s stock after purchasing an additional 7,130 shares during the period. Sequoia Financial Advisors LLC’s holdings in Archer Daniels Midland were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in Archer Daniels Midland by 17.9% during the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Archer Daniels Midland by 350.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock worth $838,030,000 after purchasing an additional 13,579,379 shares during the period. Northern Trust Corp boosted its position in Archer Daniels Midland by 3.7% during the 1st quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock worth $549,634,000 after purchasing an additional 413,314 shares during the period. Invesco Ltd. boosted its position in Archer Daniels Midland by 8.5% in the 1st 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Archer Daniels Midland by 6.5% in the 1st 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 during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADM. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group reissued a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price objective for the company. Morgan Stanley upped their price objective 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. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.50.

Archer Daniels Midland Stock Performance

Shares of ADM stock opened at $63.29 on Friday. 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 Company has a one year low of $40.98 and a one year high of $64.57. The company’s 50-day simple moving average is $61.35 and its 200-day simple moving average is $54.32. The stock has a market capitalization of $30.41 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 5.00 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last issued 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. Equities analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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