LRI Investments LLC Sells 613 Shares of Archer Daniels Midland Company $ADM

LRI Investments LLC lowered its holdings in Archer Daniels Midland Company (NYSE:ADM) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,257 shares of the company’s stock after selling 613 shares during the period. LRI Investments LLC’s holdings in Archer Daniels Midland were worth $225,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Park Avenue Securities LLC raised its holdings in Archer Daniels Midland by 22.2% during the 1st quarter. Park Avenue Securities LLC now owns 11,015 shares of the company’s stock valued at $529,000 after acquiring an additional 1,999 shares during the period. GAMMA Investing LLC raised its stake in shares of Archer Daniels Midland by 52.8% during the 1st quarter. GAMMA Investing LLC now owns 11,222 shares of the company’s stock valued at $539,000 after purchasing an additional 3,880 shares during the period. SG Americas Securities LLC bought a new stake in shares of Archer Daniels Midland during the 1st quarter valued at $333,000. Handelsbanken Fonder AB bought a new stake in shares of Archer Daniels Midland during the 1st quarter valued at $1,183,000. Finally, CX Institutional bought a new stake in shares of Archer Daniels Midland during the first quarter valued at about $61,000. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $60.86 on Monday. The company’s fifty day moving average price is $60.78 and its 200-day moving average price is $53.85. The firm has a market capitalization of $29.24 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 3.24 and a beta of 0.70. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90.

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

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. Archer Daniels Midland’s dividend payout ratio is 89.87%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. UBS Group reaffirmed a “buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. 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, Morgan Stanley upped their price target 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. One research 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.