Easterly Investment Partners LLC Takes Position in Archer Daniels Midland Company $ADM

Key Points

• Easterly Investment Partners LLC acquired a new stake in Archer Daniels Midland Company (NYSE: ADM), purchasing 26,773 shares valued at approximately $1.4 million.
• Archer Daniels Midland recently reported earnings of $1.63 EPS with a revenue of $21.70 billion, while analysts anticipate an EPS of 4.31 for the current fiscal year.
• The company declared a quarterly dividend of $0.51 per share, with an annualized dividend of $2.04 and a dividend yield of 3.2%.

Easterly Investment Partners LLC purchased a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 26,773 shares of the company's stock, valued at approximately $1,413,000.

Several other hedge funds also recently modified their holdings of the company. Beacon Financial Advisory LLC increased its position in shares of Archer Daniels Midland by 1.0% during the 2nd quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company's stock valued at $977,000 after purchasing an additional 185 shares during the period. Argyle Capital Management LLC boosted its stake in shares of Archer Daniels Midland by 1.0% during the 2nd quarter. Argyle Capital Management LLC now owns 20,575 shares of the company's stock worth $1,086,000 after acquiring an additional 200 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of Archer Daniels Midland by 5.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock worth $207,000 after acquiring an additional 220 shares in the last quarter. Edmp Inc. boosted its stake in shares of Archer Daniels Midland by 3.4% during the 2nd quarter. Edmp Inc. now owns 6,723 shares of the company's stock worth $355,000 after acquiring an additional 221 shares in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its stake in shares of Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after acquiring an additional 239 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $63.29 on Friday. The stock has a market cap of $30.41 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 4.96 and a beta of 0.70. The business has a fifty day simple moving average of $61.35 and a 200-day simple moving average of $54.27. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.57.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The business had revenue of $21.70 billion during the quarter. On average, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is currently 89.87%.

Wall Street Analyst Weigh In

ADM has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price objective for the company. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. 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 note on Monday, August 11th. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.

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