LMG Wealth Partners LLC Boosts Position in Archer Daniels Midland Company $ADM

LMG Wealth Partners LLC grew its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,618 shares of the company’s stock after buying an additional 1,046 shares during the period. LMG Wealth Partners LLC’s holdings in Archer Daniels Midland were worth $3,041,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in 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 purchasing an additional 13,579,379 shares during the period. Wellington Management Group LLP grew its stake in 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 purchasing an additional 3,791,597 shares during the period. Nuveen LLC purchased a new stake in Archer Daniels Midland in the first quarter worth $81,306,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in Archer Daniels Midland in the second quarter worth $39,094,000. Finally, Invesco Ltd. grew its stake in Archer Daniels Midland by 8.5% in the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock worth $372,250,000 after purchasing an additional 607,767 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Performance

Shares of ADM 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. The business has a 50-day simple moving average of $61.35 and a two-hundred day simple moving average of $54.36. The stock has a market cap of $30.41 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 5.00 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.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Monday, December 2nd. The company reported $1.63 earnings per share (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 during the quarter. On average, analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. UBS Group reissued a “buy” rating and issued a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Morgan Stanley boosted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. began 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. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.50.

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.