LifeWealth Investments LLC Makes New Investment in Archer Daniels Midland Company $ADM

Key Points

• LifeWealth Investments LLC recently acquired 8,484 shares of Archer Daniels Midland Company (NYSE:ADM) valued at approximately $448,000, indicating significant interest from institutional investors in the company.
• Archer Daniels Midland reported a net margin of 1.33% and a return on equity of 8.43% in its latest earnings report, with a revenue of $21.70 billion for the quarter.
• Analysts have set a target price increase for Archer Daniels Midland, with UBS raising its rating and target price from $60 to $70, reflecting positive outlooks from multiple research analysts.

LifeWealth Investments LLC purchased a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,484 shares of the company's stock, valued at approximately $448,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beacon Financial Advisory LLC boosted its stake in Archer Daniels Midland by 1.0% in the 2nd quarter. Beacon Financial Advisory LLC now owns 18,505 shares of the company's stock worth $977,000 after purchasing an additional 185 shares during the period. Argyle Capital Management LLC boosted its stake in Archer Daniels Midland by 1.0% in the 2nd quarter. Argyle Capital Management LLC now owns 20,575 shares of the company's stock worth $1,086,000 after purchasing an additional 200 shares during the period. Foundations Investment Advisors LLC boosted its stake in Archer Daniels Midland by 5.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock worth $207,000 after purchasing an additional 220 shares during the period. Edmp Inc. boosted its stake in Archer Daniels Midland by 3.4% in the 2nd quarter. Edmp Inc. now owns 6,723 shares of the company's stock worth $355,000 after purchasing an additional 221 shares during the period. Finally, Uncommon Cents Investing LLC boosted its stake in shares of Archer Daniels Midland by 0.3% during the 2nd quarter. Uncommon Cents Investing LLC now owns 94,659 shares of the company's stock valued at $4,996,000 after buying an additional 249 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $61.82 on Thursday. The company has a market capitalization of $29.70 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 4.87 and a beta of 0.70. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The company's fifty day moving average price is $61.55 and its 200 day moving average price is $54.60.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The firm had revenue of $21.70 billion for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. As a group, analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued 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 3.3%. Archer Daniels Midland's payout ratio is presently 89.87%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group reissued 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. Morgan Stanley lifted 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. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target on the stock. 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $55.50.

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.

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.