Hartford Financial Management Inc. Increases Holdings in Archer Daniels Midland Co (NYSE:ADM)

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Hartford Financial Management Inc. increased its stake in Archer Daniels Midland Co (NYSE:ADM) by 125.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 900 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Hartford Financial Management Inc.’s holdings in Archer Daniels Midland were worth $37,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpha Omega Wealth Management LLC boosted its stake in Archer Daniels Midland by 39.0% during the first quarter. Alpha Omega Wealth Management LLC now owns 837 shares of the company’s stock valued at $36,000 after buying an additional 235 shares during the period. Tompkins Financial Corp boosted its stake in Archer Daniels Midland by 12.7% during the first quarter. Tompkins Financial Corp now owns 2,182 shares of the company’s stock valued at $110,000 after buying an additional 246 shares during the period. Cornerstone Advisors Inc. lifted its stake in Archer Daniels Midland by 72.1% during the first quarter. Cornerstone Advisors Inc. now owns 616 shares of the company’s stock worth $27,000 after purchasing an additional 258 shares during the last quarter. Renaissance Group LLC lifted its stake in Archer Daniels Midland by 1.2% during the first quarter. Renaissance Group LLC now owns 21,843 shares of the company’s stock worth $942,000 after purchasing an additional 261 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. lifted its stake in Archer Daniels Midland by 1.5% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 18,412 shares of the company’s stock worth $794,000 after purchasing an additional 272 shares during the last quarter. Institutional investors own 75.85% of the company’s stock.

ADM stock opened at $37.76 on Wednesday. Archer Daniels Midland Co has a fifty-two week low of $36.45 and a fifty-two week high of $52.06. The stock’s 50 day moving average price is $40.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 0.89. The stock has a market cap of $21.37 billion, a P/E ratio of 10.79 and a beta of 1.05.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Thursday, August 1st. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). Archer Daniels Midland had a return on equity of 8.53% and a net margin of 2.08%. The firm had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $16.79 billion. During the same quarter last year, the company posted $1.02 EPS. The firm’s revenue was down 4.5% on a year-over-year basis. Research analysts forecast that Archer Daniels Midland Co will post 2.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.71%. Archer Daniels Midland’s dividend payout ratio (DPR) is 40.00%.

In other news, CFO Ray G. Young bought 3,400 shares of Archer Daniels Midland stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $36.74 per share, for a total transaction of $124,916.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Juan R. Luciano purchased 5,457 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $36.65 per share, for a total transaction of $199,999.05. The disclosure for this purchase can be found here. 1.11% of the stock is currently owned by corporate insiders.

Several equities research analysts have issued reports on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $48.00 price target (down previously from $54.00) on shares of Archer Daniels Midland in a research note on Monday, April 29th. ValuEngine lowered Archer Daniels Midland from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. BMO Capital Markets raised Archer Daniels Midland from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $50.00 to $51.00 in a research note on Monday, April 29th. Buckingham Research dropped their price target on Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Finally, Stifel Nicolaus dropped their price target on Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $49.71.

Archer Daniels Midland Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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