Archer Daniels Midland Company $ADM Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. increased its holdings in Archer Daniels Midland Company (NYSE:ADM) by 16.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,201 shares of the company’s stock after buying an additional 308 shares during the period. Harbour Investments Inc.’s holdings in Archer Daniels Midland were worth $116,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wellington Management Group LLP boosted its holdings in shares of Archer Daniels Midland by 17.9% in the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock valued at $1,197,568,000 after buying an additional 3,791,597 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Archer Daniels Midland by 350.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock valued at $838,030,000 after purchasing an additional 13,579,379 shares during the period. Northern Trust Corp boosted its stake in Archer Daniels Midland by 3.7% during the 1st 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. boosted its stake in Archer Daniels Midland by 8.5% during the 1st 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 boosted its stake in Archer Daniels Midland by 6.5% during the 1st 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 owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Up 1.0%

NYSE ADM opened at $62.54 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The company’s 50 day simple moving average is $61.62 and its 200 day simple moving average is $54.74. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.57. The company has a market capitalization of $30.05 billion, a P/E ratio of 27.55, a PEG ratio of 4.89 and a beta of 0.70.

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 net margin of 1.33% and a return on equity of 8.43%. The business had revenue of $21.70 billion for the quarter. Equities research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s payout ratio is presently 89.87%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ADM. Morgan Stanley boosted their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. UBS Group reissued a “buy” rating and set a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. 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. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Archer Daniels Midland presently 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.