Vest Financial LLC Reduces Stock Holdings in Archer Daniels Midland Company $ADM

Vest Financial LLC decreased its stake in Archer Daniels Midland Company (NYSE:ADM) by 7.8% in the second quarter, Holdings Channel.com reports. The firm owned 1,269,831 shares of the company’s stock after selling 107,115 shares during the period. Archer Daniels Midland comprises about 0.9% of Vest Financial LLC’s holdings, making the stock its 18th biggest position. Vest Financial LLC’s holdings in Archer Daniels Midland were worth $67,022,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Beacon Financial Advisory LLC increased its holdings in shares of Archer Daniels Midland by 1.0% in the 2nd quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company’s stock valued at $977,000 after acquiring an additional 185 shares during the period. Argyle Capital Management LLC increased its holdings in shares of Archer Daniels Midland by 1.0% in the 2nd quarter. Argyle Capital Management LLC now owns 20,575 shares of the company’s stock valued at $1,086,000 after acquiring an additional 200 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of Archer Daniels Midland by 5.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company’s stock valued at $207,000 after acquiring an additional 220 shares during the period. Sagespring Wealth Partners LLC increased its holdings in shares of Archer Daniels Midland by 4.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company’s stock valued at $289,000 after acquiring an additional 239 shares during the period. Finally, Uncommon Cents Investing LLC grew its stake in Archer Daniels Midland by 0.3% during the 2nd quarter. Uncommon Cents Investing LLC now owns 94,659 shares of the company’s stock worth $4,996,000 after buying an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price on the stock. Morgan Stanley boosted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Finally, Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.50.

Archer Daniels Midland Trading Down 0.7%

Shares of NYSE:ADM opened at $60.86 on Monday. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38. The stock has a market cap of $29.24 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 3.24 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 50-day moving average price of $60.78 and a 200-day moving average price of $53.85.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Monday, December 2nd. The company reported $1.63 earnings per share (EPS) for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The firm had revenue of $21.70 billion during the quarter. Equities analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland’s 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.