Archer Daniels Midland Company $ADM Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,709 shares of the company’s stock after selling 2,094 shares during the period. Heritage Investors Management Corp’s holdings in Archer Daniels Midland were worth $8,271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADM. Charles Schwab Investment Management Inc. increased its position in shares of Archer Daniels Midland by 350.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock valued at $838,030,000 after acquiring an additional 13,579,379 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Archer Daniels Midland by 17.9% during the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock valued at $1,197,568,000 after acquiring an additional 3,791,597 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Archer Daniels Midland during the first quarter valued at about $81,306,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Archer Daniels Midland during the second quarter valued at about $39,094,000. Finally, Invesco Ltd. increased its position in shares of Archer Daniels Midland by 8.5% during the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock valued at $372,250,000 after acquiring an additional 607,767 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ADM. JPMorgan Chase & Co. assumed 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 objective for the company. UBS Group restated a “buy” rating and issued a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Morgan Stanley lifted 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 report on Tuesday, August 12th. Finally, Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price objective 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 given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $55.50.

Archer Daniels Midland Trading Down 1.5%

NYSE ADM opened at $60.48 on Thursday. 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 52 week low of $40.98 and a 52 week high of $65.00. The stock has a market capitalization of $29.06 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 4.84 and a beta of 0.70. The firm has a 50 day moving average of $61.76 and a two-hundred day moving average of $55.40.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $21.70 billion during the quarter. As a group, research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

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

About Archer Daniels Midland

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.