VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 239,513 Archer Daniels Midland Company $ADM

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Archer Daniels Midland Company (NYSE:ADM) during the second quarter, Holdings Channel.com reports. The firm bought 239,513 shares of the company’s stock, valued at approximately $12,641,000.

Other hedge funds have also recently added to or reduced their stakes in the company. S.A. Mason LLC acquired a new position in shares of Archer Daniels Midland during the first quarter worth $25,000. Headlands Technologies LLC acquired a new position in shares of Archer Daniels Midland during the first quarter worth $25,000. SOA Wealth Advisors LLC. acquired a new position in shares of Archer Daniels Midland during the second quarter worth $25,000. Trust Co. of Toledo NA OH acquired a new position in shares of Archer Daniels Midland during the second quarter worth $32,000. Finally, ORG Partners LLC lifted its holdings in shares of Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company’s stock worth $34,000 after purchasing an additional 523 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Trading Up 0.6%

NYSE:ADM opened at $63.29 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The firm has a 50-day moving average of $61.35 and a 200-day moving average of $54.36. The company has a market cap of $30.41 billion, a PE ratio of 27.88, a PEG ratio of 5.00 and a beta of 0.70. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.57.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The company 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%. As a group, equities research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced 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 of this dividend was Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. Archer Daniels Midland’s payout ratio is presently 89.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group reiterated a “buy” rating and set a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price target on the stock. Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Finally, Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland 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.