Vanguard Personalized Indexing Management LLC Has $3.65 Million Stake in Archer Daniels Midland Company $ADM

Vanguard Personalized Indexing Management LLC grew its holdings in Archer Daniels Midland Company (NYSE:ADM) by 57.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,082 shares of the company’s stock after acquiring an additional 25,313 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Archer Daniels Midland were worth $3,646,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ADM. GAMMA Investing LLC increased its holdings in shares of Archer Daniels Midland by 52.8% in the first quarter. GAMMA Investing LLC now owns 11,222 shares of the company’s stock worth $539,000 after acquiring an additional 3,880 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Archer Daniels Midland in the first quarter worth about $333,000. CX Institutional bought a new stake in shares of Archer Daniels Midland in the first quarter worth about $61,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Archer Daniels Midland by 0.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 53,303 shares of the company’s stock worth $2,559,000 after acquiring an additional 343 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Archer Daniels Midland by 189.5% in the first quarter. Exchange Traded Concepts LLC now owns 26,401 shares of the company’s stock worth $1,268,000 after acquiring an additional 17,281 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ADM. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Morgan Stanley increased their price objective 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 upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. started coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price objective for the company. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Archer Daniels Midland has a consensus rating of “Hold” and a consensus price target of $55.50.

Archer Daniels Midland Stock Up 0.5%

ADM stock opened at $61.96 on Wednesday. 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 moving average price of $61.01 and a two-hundred day moving average price of $54.00. The company has a market cap of $29.77 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 3.40 and a beta of 0.70. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $64.38.

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

Archer Daniels Midland Announces Dividend

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