Securian Asset Management Inc. Has $1.32 Million Stock Holdings in Archer Daniels Midland Company $ADM

Securian Asset Management Inc. lessened its position in Archer Daniels Midland Company (NYSE:ADM) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,947 shares of the company’s stock after selling 302 shares during the quarter. Securian Asset Management Inc.’s holdings in Archer Daniels Midland were worth $1,317,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new stake in Archer Daniels Midland in the 2nd quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland in the 1st quarter valued at approximately $25,000. Trust Co. of Toledo NA OH acquired a new stake in Archer Daniels Midland in the 2nd quarter valued at approximately $32,000. Pandora Wealth Inc. acquired a new stake in Archer Daniels Midland in the 1st quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC increased its position in shares of Archer Daniels Midland by 109.8% during the 1st quarter. Golden State Wealth Management LLC now owns 839 shares of the company’s stock worth $40,000 after purchasing an additional 439 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on ADM shares. UBS Group reaffirmed 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. Morgan Stanley boosted their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price for the company. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $55.50.

Archer Daniels Midland Stock Performance

ADM opened at $62.54 on Friday. The business has a fifty day simple moving average of $61.62 and a 200 day simple moving average of $54.74. The company has a market capitalization of $30.05 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 4.89 and a beta of 0.70. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $64.57. 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 announced its quarterly earnings data on Monday, December 2nd. The company reported $1.63 earnings per share for the quarter. The firm had revenue of $21.70 billion during the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. Research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 annualized dividend and a yield of 3.3%. Archer Daniels Midland’s payout ratio is currently 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.