Archer Daniels Midland Company $ADM Shares Bought by Denali Advisors LLC

Denali Advisors LLC raised its position in Archer Daniels Midland Company (NYSE:ADM) by 63.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,787 shares of the company’s stock after purchasing an additional 9,241 shares during the quarter. Denali Advisors LLC’s holdings in Archer Daniels Midland were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ADM. Charles Schwab Investment Management Inc. increased its stake in shares of 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 acquiring an additional 13,579,379 shares during the period. Wellington Management Group LLP boosted 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 worth $1,197,568,000 after buying an additional 3,791,597 shares in the last quarter. Nuveen LLC bought a new stake in Archer Daniels Midland during the first quarter worth approximately $81,306,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in Archer Daniels Midland during the second quarter worth approximately $39,094,000. Finally, Invesco Ltd. boosted 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 worth $372,250,000 after buying an additional 607,767 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADM. 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. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. began 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 for the company. Morgan Stanley raised their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland Stock Up 0.2%

Archer Daniels Midland stock opened at $61.82 on Thursday. The company has a market capitalization of $29.70 billion, a P/E ratio of 27.23, a P/E/G ratio of 4.87 and a beta of 0.70. The firm’s fifty day simple moving average is $61.55 and its 200-day simple moving average is $54.60. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.57.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Monday, December 2nd. The company reported $1.63 earnings per share for the quarter. The business had revenue of $21.70 billion for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. Sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal 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 issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is 89.87%.

Archer Daniels Midland Company 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.