Archer Daniels Midland Company $ADM Shares Sold by First Command Advisory Services Inc.

First Command Advisory Services Inc. lessened its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 11.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,604 shares of the company’s stock after selling 200 shares during the quarter. First Command Advisory Services Inc.’s holdings in Archer Daniels Midland were worth $85,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Beacon Financial Advisory LLC grew its holdings in Archer Daniels Midland by 1.0% during the 2nd quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company’s stock valued at $977,000 after buying an additional 185 shares during the last quarter. Argyle Capital Management LLC boosted its holdings in shares of 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 during the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Archer Daniels Midland by 5.4% during the first quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company’s stock worth $207,000 after purchasing an additional 220 shares during the last quarter. Edmp Inc. boosted its holdings in shares of Archer Daniels Midland by 3.4% during the second quarter. Edmp Inc. now owns 6,723 shares of the company’s stock worth $355,000 after purchasing an additional 221 shares during the last quarter. Finally, Uncommon Cents Investing LLC boosted its holdings in shares of Archer Daniels Midland by 0.3% during the second quarter. Uncommon Cents Investing LLC now owns 94,659 shares of the company’s stock worth $4,996,000 after purchasing an additional 249 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Trading Down 2.3%

Shares of ADM opened at $61.88 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $29.73 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 5.00 and a beta of 0.70. The stock’s fifty day simple moving average is $61.74 and its 200 day simple moving average is $55.18. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $65.00.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Monday, December 2nd. The company reported $1.63 earnings per share for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The business had revenue of $21.70 billion for the quarter. On average, equities research analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 3.3%. Archer Daniels Midland’s dividend payout ratio (DPR) is 89.87%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADM. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price objective on the stock. UBS Group restated a “buy” rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, Morgan Stanley raised their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Archer Daniels Midland presently has an average rating of “Hold” and a consensus target price 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.