CVA Family Office LLC Grows Stake in Archer Daniels Midland Company $ADM

CVA Family Office LLC grew its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 19.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,494 shares of the company’s stock after buying an additional 562 shares during the period. CVA Family Office LLC’s holdings in Archer Daniels Midland were worth $184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in Archer Daniels Midland by 52.8% in the 1st quarter. GAMMA Investing LLC now owns 11,222 shares of the company’s stock worth $539,000 after purchasing an additional 3,880 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Archer Daniels Midland by 0.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 53,303 shares of the company’s stock valued at $2,559,000 after buying an additional 343 shares during the period. Asset Management One Co. Ltd. raised its stake in Archer Daniels Midland by 7.4% in the first quarter. Asset Management One Co. Ltd. now owns 197,432 shares of the company’s stock worth $9,479,000 after buying an additional 13,670 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Archer Daniels Midland in the first quarter worth about $230,000. Finally, Golden State Wealth Management LLC boosted its position in Archer Daniels Midland by 109.8% during the 1st quarter. Golden State Wealth Management LLC now owns 839 shares of the company’s stock valued at $40,000 after acquiring an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley increased their target price 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. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Friday. Finally, 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. One 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $55.50.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $63.40 on Friday. The company has a market capitalization of $30.46 billion, a PE ratio of 27.93, a PEG ratio of 5.00 and a beta of 0.70. The business has a fifty day moving average price of $61.69 and a 200-day moving average price of $54.98. 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 EPS for the quarter. The company 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%. As a group, equities analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given 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 3.2%. 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.