Archer Daniels Midland Company $ADM Shares Sold by Howard Capital Management Inc.

Howard Capital Management Inc. lowered its holdings in Archer Daniels Midland Company (NYSE:ADM) by 14.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,840 shares of the company’s stock after selling 7,008 shares during the quarter. Howard Capital Management Inc.’s holdings in Archer Daniels Midland were worth $2,261,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Archer Daniels Midland by 8.1% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 64,243 shares of the company’s stock worth $3,391,000 after purchasing an additional 4,800 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Archer Daniels Midland by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 72,907 shares of the company’s stock worth $3,848,000 after purchasing an additional 2,952 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Archer Daniels Midland during the 2nd quarter worth $5,741,000. Bessemer Group Inc. boosted its position in shares of Archer Daniels Midland by 34.1% during the 2nd quarter. Bessemer Group Inc. now owns 14,704 shares of the company’s stock worth $775,000 after purchasing an additional 3,741 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Archer Daniels Midland by 18.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 101,348 shares of the company’s stock worth $5,349,000 after purchasing an additional 15,552 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Down 0.9%

ADM opened at $61.41 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The firm has a market cap of $29.50 billion, a P/E ratio of 27.05, a PEG ratio of 4.89 and a beta of 0.70. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00. The business’s fifty day simple moving average is $61.77 and its 200 day simple moving average is $55.29.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The business had revenue of $21.70 billion for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. As a group, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business 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 of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 89.87%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley upped their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, UBS Group reissued a “buy” rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland has a consensus rating of “Hold” and an average price target of $55.50.

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.