Stanley Laman Group Ltd. Decreases Holdings in Archer Daniels Midland Company $ADM

Stanley Laman Group Ltd. lowered its holdings in Archer Daniels Midland Company (NYSE:ADM) by 8.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 75,383 shares of the company’s stock after selling 6,719 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Archer Daniels Midland were worth $3,979,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ADM. Beacon Financial Advisory LLC boosted its holdings in shares of Archer Daniels Midland by 1.0% in the 2nd quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company’s stock valued at $977,000 after buying an additional 185 shares in the last quarter. Argyle Capital Management LLC boosted its stake in Archer Daniels Midland by 1.0% in the second quarter. Argyle Capital Management LLC now owns 20,575 shares of the company’s stock valued at $1,086,000 after acquiring an additional 200 shares in the last quarter. Foundations Investment Advisors LLC increased its position in shares of Archer Daniels Midland by 5.4% during the first 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. Edmp Inc. lifted its holdings in shares of Archer Daniels Midland by 3.4% in the 2nd quarter. Edmp Inc. now owns 6,723 shares of the company’s stock valued at $355,000 after purchasing an additional 221 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its position in shares of Archer Daniels Midland by 4.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company’s stock valued at $289,000 after purchasing an additional 239 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. UBS Group reiterated a “buy” rating and set a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Morgan Stanley upped 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 report on Tuesday, August 12th. JPMorgan Chase & Co. started coverage on 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 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 note on Wednesday, August 6th. One 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.50.

Archer Daniels Midland Trading Up 0.6%

NYSE ADM opened at $63.29 on Friday. 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 stock has a market capitalization of $30.41 billion, a P/E ratio of 27.88, a P/E/G ratio of 4.96 and a beta of 0.70. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.57. The firm has a 50-day moving average price of $61.35 and a 200 day moving average price of $54.27.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Monday, December 2nd. The company reported $1.63 earnings per share for the quarter. The company 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%. Equities research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a $0.51 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 annualized dividend and a yield of 3.2%. Archer Daniels Midland’s dividend payout ratio is presently 89.87%.

About Archer Daniels Midland

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.