Concurrent Investment Advisors LLC Trims Stock Position in Archer Daniels Midland Company $ADM

Concurrent Investment Advisors LLC decreased its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 11.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,092 shares of the company’s stock after selling 2,449 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Archer Daniels Midland were worth $955,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ADM. Wellington Management Group LLP grew its stake in Archer Daniels Midland by 17.9% during the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock worth $1,197,568,000 after buying an additional 3,791,597 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Archer Daniels Midland by 350.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock valued at $838,030,000 after acquiring an additional 13,579,379 shares during the period. Northern Trust Corp grew its position in shares of Archer Daniels Midland by 3.7% during the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock worth $549,634,000 after acquiring an additional 413,314 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Archer Daniels Midland by 8.5% in the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock valued at $372,250,000 after acquiring an additional 607,767 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Archer Daniels Midland by 6.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company’s stock valued at $144,783,000 after purchasing an additional 184,852 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group reissued a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 target price on the stock. Finally, Morgan Stanley upped their price target 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. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland presently has an average rating of “Hold” and a consensus price target of $55.50.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $62.86 on Friday. The stock has a market capitalization of $30.20 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 5.00 and a beta of 0.70. The business’s 50 day moving average is $61.24 and its two-hundred day moving average is $54.17. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.57. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

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 for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. Research analysts expect 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. Investors of record on Wednesday, August 20th were paid a $0.51 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. Archer Daniels Midland’s dividend payout ratio (DPR) 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.