Archer Daniels Midland Company $ADM Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. cut its stake in Archer Daniels Midland Company (NYSE:ADM) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,416 shares of the company’s stock after selling 2,680 shares during the period. Archer Daniels Midland accounts for 1.0% of Koshinski Asset Management Inc.’s portfolio, making the stock its 20th largest position. Koshinski Asset Management Inc.’s holdings in Archer Daniels Midland were worth $12,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in ADM. S.A. Mason LLC acquired a new stake in Archer Daniels Midland in the first quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland in the first quarter valued at $25,000. SOA Wealth Advisors LLC. acquired a new stake in Archer Daniels Midland in the second quarter valued at $25,000. Trust Co. of Toledo NA OH acquired a new stake in Archer Daniels Midland in the second quarter valued at $32,000. Finally, ORG Partners LLC raised its holdings in Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company’s stock valued at $34,000 after acquiring an additional 523 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Up 0.6%

Archer Daniels Midland stock opened at $63.29 on Friday. The company has a 50-day simple moving average of $61.35 and a 200-day simple moving average of $54.27. The firm has a market capitalization of $30.41 billion, a P/E ratio of 27.88, a P/E/G ratio of 4.96 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. 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 released its quarterly earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The business 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 analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed 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 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%.

Analysts Set New Price Targets

Several analysts have weighed in on ADM shares. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price for the company. 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 research note on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Morgan Stanley boosted their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Finally, UBS Group reiterated a “buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. One research 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. According to 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 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.