TD Asset Management Inc Buys 5,224 Shares of Archer Daniels Midland Company $ADM

Key Points

• TD Asset Management Inc increased its stake in Archer Daniels Midland Company (NYSE:ADM) by 2.1% during the second quarter, owning a total of 256,472 shares worth approximately $13.5 million.
• Analysts have generally rated Archer Daniels Midland as a "Hold," with a consensus target price of $55.50, and recent upgrades from several firms including a price objective increase from UBS Group to $70.00.
• The company recently declared a quarterly dividend of $0.51 per share, representing an annualized yield of 3.2%, with a dividend payout ratio of approximately 89.87%.

TD Asset Management Inc grew its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 256,472 shares of the company's stock after acquiring an additional 5,224 shares during the quarter. TD Asset Management Inc owned 0.05% of Archer Daniels Midland worth $13,537,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ADM. S.A. Mason LLC purchased a new position in shares of Archer Daniels Midland in the first quarter worth $25,000. Headlands Technologies LLC purchased a new position in shares of Archer Daniels Midland in the first quarter worth $25,000. SOA Wealth Advisors LLC. purchased a new position in shares of Archer Daniels Midland in the second quarter worth $25,000. Trust Co. of Toledo NA OH purchased a new position in shares of Archer Daniels Midland in the second quarter worth $32,000. Finally, ORG Partners LLC raised 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 purchasing an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. UBS Group reiterated a "buy" rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Morgan Stanley upped their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Finally, Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $63.29 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $61.35 and a two-hundred day simple moving average of $54.32. The stock has a market cap of $30.41 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 5.00 and a beta of 0.70. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.57.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued 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 return on equity of 8.43% and a net margin of 1.33%. On average, analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

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