Archer Daniels Midland Company $ADM Shares Purchased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC boosted its stake in Archer Daniels Midland Company (NYSE:ADM) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,078 shares of the company’s stock after acquiring an additional 2,625 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Archer Daniels Midland were worth $13,780,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. S.A. Mason LLC acquired a new stake in Archer Daniels Midland in the first quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland in the first quarter valued at $25,000. SOA Wealth Advisors LLC. acquired a new stake in Archer Daniels Midland in the second quarter valued at $25,000. Trust Co. of Toledo NA OH acquired a new stake in Archer Daniels Midland in the second quarter valued at $32,000. Finally, ORG Partners LLC raised its holdings in Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company’s stock valued at $34,000 after acquiring an additional 523 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADM has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Morgan Stanley increased their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock 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 target price on the stock. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland Stock Up 0.6%

ADM stock opened at $63.29 on Monday. 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 Company has a fifty-two week low of $40.98 and a fifty-two week high of $64.57. The firm’s 50-day simple moving average is $61.35 and its 200 day simple moving average is $54.36. The stock has a market cap of $30.41 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 5.00 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Monday, December 2nd. The company reported $1.63 earnings per share 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. As a group, sell-side analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

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

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.