Archer Daniels Midland Company (NYSE:ADM) Stock Holdings Boosted by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Archer Daniels Midland Company by 350.4%, owning 17.5 million shares valued at approximately $838 million.
• Archer Daniels Midland recently announced a quarterly dividend of $0.51 per share, providing an annual yield of 3.5%.
• Analysts have mixed ratings on ADM, with Barclays upgrading to an "equal weight" and UBS raising its rating to "buy," while Citigroup and Bank of America decreased their price targets.

Charles Schwab Investment Management Inc. boosted its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 350.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 17,455,324 shares of the company's stock after buying an additional 13,579,379 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.63% of Archer Daniels Midland worth $838,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADM. S.A. Mason LLC purchased a new stake in shares of Archer Daniels Midland in the first quarter worth about $25,000. ORG Partners LLC boosted its holdings in Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after acquiring an additional 523 shares during the period. NBC Securities Inc. acquired a new stake in Archer Daniels Midland in the first quarter valued at approximately $37,000. Capital Advisors Ltd. LLC raised its stake in shares of Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after purchasing an additional 237 shares during the period. Finally, Golden State Wealth Management LLC lifted its position in shares of Archer Daniels Midland by 109.8% during the first quarter. Golden State Wealth Management LLC now owns 839 shares of the company's stock worth $40,000 after purchasing an additional 439 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

Shares of ADM stock traded down $0.09 on Friday, hitting $57.77. 2,694,305 shares of the stock traded hands, compared to its average volume of 3,162,754. The company's fifty day moving average is $53.34 and its 200 day moving average is $49.58. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $62.61. The company has a market capitalization of $27.76 billion, a PE ratio of 25.45, a PEG ratio of 3.08 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.81.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The firm's revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. Archer Daniels Midland's dividend payout ratio is 89.87%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ADM shares. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday. Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Citigroup dropped their price objective on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $50.00 to $61.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Archer Daniels Midland presently has an average rating of "Hold" and an average price target of $51.86.

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.