Flagship Harbor Advisors LLC Has $216,000 Stake in Archer Daniels Midland Co (NYSE:ADM)

Flagship Harbor Advisors LLC lifted its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 14.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,296 shares of the company’s stock after buying an additional 659 shares during the period. Flagship Harbor Advisors LLC’s holdings in Archer Daniels Midland were worth $216,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cornerstone Advisors Inc. raised its position in shares of Archer Daniels Midland by 72.1% in the 1st quarter. Cornerstone Advisors Inc. now owns 616 shares of the company’s stock worth $27,000 after buying an additional 258 shares during the period. Farmers National Bank purchased a new position in shares of Archer Daniels Midland in the 1st quarter worth $27,000. Country Trust Bank raised its position in shares of Archer Daniels Midland by 65.0% in the 1st quarter. Country Trust Bank now owns 693 shares of the company’s stock worth $30,000 after buying an additional 273 shares during the period. Alpha Omega Wealth Management LLC raised its position in shares of Archer Daniels Midland by 39.0% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 837 shares of the company’s stock worth $36,000 after buying an additional 235 shares during the period. Finally, Essex Savings Bank purchased a new position in shares of Archer Daniels Midland in the 1st quarter worth $41,000. 75.00% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on ADM. Stifel Nicolaus cut their target price on Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. BMO Capital Markets raised Archer Daniels Midland from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $50.00 to $51.00 in a research report on Monday, April 29th. ValuEngine lowered Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Robert W. Baird reissued an “outperform” rating and issued a $48.00 price objective (down from $54.00) on shares of Archer Daniels Midland in a research report on Monday, April 29th. Finally, Buckingham Research reduced their price objective on Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.71.

Shares of NYSE ADM traded down $0.50 during mid-day trading on Friday, reaching $37.43. The company had a trading volume of 6,586,955 shares, compared to its average volume of 4,480,411. Archer Daniels Midland Co has a twelve month low of $36.45 and a twelve month high of $52.06. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.89 and a current ratio of 1.55. The stock has a market capitalization of $21.13 billion, a PE ratio of 10.69 and a beta of 1.05. The stock’s 50 day moving average is $39.75 and its 200-day moving average is $41.26.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The business had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $16.79 billion. Archer Daniels Midland had a return on equity of 8.53% and a net margin of 2.08%. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 earnings per share. On average, sell-side analysts anticipate that Archer Daniels Midland Co will post 2.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 22nd will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Wednesday, August 21st. Archer Daniels Midland’s dividend payout ratio is presently 40.00%.

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

Archer Daniels Midland Company 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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