Callan Family Office LLC Makes New Investment in Archer Daniels Midland Company $ADM

Callan Family Office LLC purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,998 shares of the company’s stock, valued at approximately $475,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL raised its position in Archer Daniels Midland by 3.1% during the second quarter. Blair William & Co. IL now owns 89,927 shares of the company’s stock worth $4,746,000 after acquiring an additional 2,689 shares in the last quarter. Maryland State Retirement & Pension System raised its position in shares of Archer Daniels Midland by 4.2% in the second quarter. Maryland State Retirement & Pension System now owns 23,231 shares of the company’s stock valued at $1,226,000 after purchasing an additional 941 shares during the period. KLP Kapitalforvaltning AS raised its position in shares of Archer Daniels Midland by 6.4% in the second quarter. KLP Kapitalforvaltning AS now owns 481,338 shares of the company’s stock valued at $25,405,000 after purchasing an additional 28,800 shares during the period. SteelPeak Wealth LLC bought a new position in shares of Archer Daniels Midland in the second quarter valued at about $3,898,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Archer Daniels Midland in the second quarter valued at about $384,000. 78.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ADM shares. UBS Group reissued a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Morgan Stanley increased their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price target on the stock. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland currently has an average rating of “Hold” and a consensus price target of $55.50.

Archer Daniels Midland Trading Up 0.5%

Shares of Archer Daniels Midland stock opened at $61.96 on Wednesday. The company has a market capitalization of $29.77 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.40 and a beta of 0.70. 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 12-month low of $40.98 and a 12-month high of $64.38. The firm’s 50-day moving average price is $61.01 and its two-hundred day moving average price is $54.00.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Monday, December 2nd. The company reported $1.63 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, analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland’s dividend payout ratio is 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.