Vest Financial LLC Trims Stock Holdings in Archer Daniels Midland Company $ADM

Key Points

• Vest Financial LLC reduced its stake in Archer Daniels Midland Company by 7.8%, now holding 1,269,831 shares valued at approximately $67 million.
• Wellington Management Group and Charles Schwab Investment Management significantly increased their holdings in Archer Daniels Midland, with increases of 17.9% and 350.4% respectively during the first quarter.
• Analysts have mixed views on ADM, with a consensus rating of "Hold" and a target price of $55.50, while UBS Group recently set a target price of $70.00.

Vest Financial LLC decreased its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,269,831 shares of the company's stock after selling 107,115 shares during the quarter. Archer Daniels Midland makes up 0.9% of Vest Financial LLC's portfolio, making the stock its 18th biggest holding. Vest Financial LLC owned 0.26% of Archer Daniels Midland worth $67,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP increased its position in Archer Daniels Midland by 17.9% in the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock worth $1,197,568,000 after buying an additional 3,791,597 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Archer Daniels Midland by 350.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock worth $838,030,000 after buying an additional 13,579,379 shares in the last quarter. Northern Trust Corp increased its position in Archer Daniels Midland by 3.7% in the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company's stock worth $549,634,000 after buying an additional 413,314 shares in the last quarter. Invesco Ltd. increased its position in Archer Daniels Midland by 8.5% in the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock worth $372,250,000 after buying an additional 607,767 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Archer Daniels Midland by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company's stock worth $144,783,000 after buying an additional 184,852 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ADM shares. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Morgan Stanley increased their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, UBS Group reiterated a "buy" rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock opened at $60.86 on Monday. The stock has a 50 day moving average of $60.78 and a 200 day moving average of $53.85. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.38. The firm has a market cap of $29.24 billion, a PE ratio of 26.81, a PEG ratio of 3.24 and a beta of 0.70. The company has a current ratio of 1.42, a quick ratio of 0.90 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 company had revenue of $21.70 billion during the quarter. On average, research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

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.

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