Blair William & Co. IL Boosts Stake in Archer Daniels Midland Company $ADM

Blair William & Co. IL increased its position in Archer Daniels Midland Company (NYSE:ADM) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,927 shares of the company’s stock after buying an additional 2,689 shares during the period. Blair William & Co. IL’s holdings in Archer Daniels Midland were worth $4,746,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Archer Daniels Midland by 17.9% in the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock worth $1,197,568,000 after buying an additional 3,791,597 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Archer Daniels Midland by 350.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock worth $838,030,000 after buying an additional 13,579,379 shares in the last quarter. Northern Trust Corp raised its position in Archer Daniels Midland by 3.7% during the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock valued at $549,634,000 after purchasing an additional 413,314 shares during the period. Invesco Ltd. raised its position in Archer Daniels Midland by 8.5% during the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock valued at $372,250,000 after purchasing an additional 607,767 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Archer Daniels Midland by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company’s stock valued at $144,783,000 after purchasing an additional 184,852 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ADM shares. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. UBS Group restated a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price for the company. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.50.

Archer Daniels Midland Trading Down 0.7%

ADM opened at $60.86 on Monday. The stock has a market cap of $29.24 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 3.24 and a beta of 0.70. The stock’s 50 day moving average price is $60.78 and its 200-day moving average price is $53.85. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42.

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

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid 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 3.4%. Archer Daniels Midland’s dividend payout ratio is 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.