Johnson Investment Counsel Inc. Cuts Stock Position in Archer Daniels Midland Company $ADM

Key Points

• Johnson Investment Counsel Inc. has reduced its stake in Archer Daniels Midland Company by 50.2%, leaving it with 5,017 shares valued at approximately $265,000.
• Several other institutional investors have made moves in Archer Daniels Midland, with 78.28% of the stock now owned by institutional investors and hedge funds.
• Analysts have mixed ratings on Archer Daniels Midland, with a consensus price target of $55.50 and varying recommendations from buy to sell.

Johnson Investment Counsel Inc. cut its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 50.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,017 shares of the company's stock after selling 5,054 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Archer Daniels Midland were worth $265,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Archer Daniels Midland in the second quarter worth approximately $25,000. S.A. Mason LLC acquired a new stake in shares of Archer Daniels Midland in the first quarter worth approximately $25,000. Headlands Technologies LLC acquired a new stake in shares of Archer Daniels Midland in the first quarter worth approximately $25,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Archer Daniels Midland in the second quarter worth approximately $32,000. Finally, ORG Partners LLC boosted its stake in shares of Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after acquiring an additional 523 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Morgan Stanley boosted their price objective 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. JPMorgan Chase & Co. started coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price objective on the stock. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group reissued a "buy" rating and set a $70.00 price objective (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 assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $55.50.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $63.35 on Thursday. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.57. The business's fifty day simple moving average is $61.14 and its 200-day simple moving average is $54.07. The firm has a market cap of $30.44 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.41 and a beta of 0.70. 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 (NYSE:ADM - Get Free Report) last announced its quarterly 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 for the quarter. Equities analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is 89.87%.

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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