Archer Daniels Midland Company $ADM Shares Sold by Orca Investment Management LLC

Orca Investment Management LLC decreased its holdings in Archer Daniels Midland Company (NYSE:ADM) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,083 shares of the company’s stock after selling 3,259 shares during the quarter. Archer Daniels Midland accounts for about 1.8% of Orca Investment Management LLC’s investment portfolio, making the stock its 18th largest position. Orca Investment Management LLC’s holdings in Archer Daniels Midland were worth $2,010,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ADM. Beacon Financial Advisory LLC grew its position 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 worth $977,000 after purchasing an additional 185 shares in the last quarter. Argyle Capital Management LLC grew its position in Archer Daniels Midland by 1.0% during the 2nd 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 in the last quarter. Foundations Investment Advisors LLC grew its position in Archer Daniels Midland by 5.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company’s stock worth $207,000 after purchasing an additional 220 shares in the last quarter. Sagespring Wealth Partners LLC grew its position in Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company’s stock worth $289,000 after purchasing an additional 239 shares in the last quarter. Finally, Uncommon Cents Investing LLC grew its position in Archer Daniels Midland by 0.3% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ADM shares. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday. Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Morgan Stanley lifted 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. Finally, UBS Group reissued a “buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.50.

Archer Daniels Midland Trading Down 0.7%

Shares of NYSE:ADM opened at $60.86 on Friday. The firm has a market capitalization of $29.24 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 3.24 and a beta of 0.70. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.38. The firm has a fifty day moving average of $60.78 and a two-hundred day moving average of $53.81. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

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

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were issued a $0.51 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Archer Daniels Midland’s dividend payout ratio is currently 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.