Sequoia Financial Advisors LLC Boosts Stake in Archer Daniels Midland Company $ADM

Sequoia Financial Advisors LLC boosted its stake in Archer Daniels Midland Company (NYSE:ADM) by 83.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,678 shares of the company’s stock after buying an additional 7,130 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Archer Daniels Midland were worth $828,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC lifted its stake in Archer Daniels Midland by 57.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 69,082 shares of the company’s stock valued at $3,646,000 after buying an additional 25,313 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in Archer Daniels Midland by 35.6% in the 2nd quarter. Apollon Wealth Management LLC now owns 7,450 shares of the company’s stock valued at $393,000 after buying an additional 1,954 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Archer Daniels Midland by 16.2% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 6,153 shares of the company’s stock valued at $325,000 after buying an additional 857 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Archer Daniels Midland in the 2nd quarter valued at approximately $32,000. Finally, Applied Capital LLC FL raised its holdings in Archer Daniels Midland by 10.3% in the 2nd quarter. Applied Capital LLC FL now owns 14,892 shares of the company’s stock valued at $786,000 after acquiring an additional 1,387 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Trading Up 0.6%

ADM stock opened at $63.29 on Friday. The company 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. 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 fifty day simple moving average of $61.35 and a 200-day simple moving average of $54.32. 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 quarterly earnings data on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The business had revenue of $21.70 billion during 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 expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

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

Analyst Upgrades and Downgrades

ADM has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Morgan Stanley boosted their price target on 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. initiated coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price target for the company. UBS Group reiterated a “buy” rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.