Maryland State Retirement & Pension System Acquires 941 Shares of Archer Daniels Midland Company $ADM

Maryland State Retirement & Pension System increased its holdings in Archer Daniels Midland Company (NYSE:ADM) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,231 shares of the company’s stock after acquiring an additional 941 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Archer Daniels Midland were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new position in shares of Archer Daniels Midland in the 2nd quarter worth about $25,000. S.A. Mason LLC bought a new stake in Archer Daniels Midland during the 1st quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in Archer Daniels Midland during the 1st quarter valued at about $25,000. ORG Partners LLC increased its stake in Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company’s stock valued at $34,000 after purchasing an additional 523 shares in the last quarter. Finally, Pandora Wealth Inc. bought a new stake in Archer Daniels Midland during the 1st quarter valued at about $39,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Down 0.7%

Shares of ADM stock opened at $60.86 on Monday. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.38. The stock has a market cap of $29.24 billion, a P/E ratio of 26.81, a P/E/G ratio of 3.24 and a beta of 0.70. 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 company has a 50 day simple moving average of $60.78 and a two-hundred day simple moving average of $53.85.

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

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 annualized dividend and a yield of 3.4%. Archer Daniels Midland’s payout ratio is currently 89.87%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. 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 report on Monday, August 11th. Morgan Stanley raised their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price target on the stock. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Archer Daniels Midland currently has an average rating of “Hold” and an average price target of $55.50.

Archer Daniels Midland 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.