Allspring Global Investments Holdings LLC Has $1.14 Million Position in Archer Daniels Midland Company $ADM

Allspring Global Investments Holdings LLC cut its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 49.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,861 shares of the company’s stock after selling 20,551 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Archer Daniels Midland were worth $1,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Archer Daniels Midland by 52.8% in the first quarter. GAMMA Investing LLC now owns 11,222 shares of the company’s stock valued at $539,000 after buying an additional 3,880 shares during the period. SG Americas Securities LLC bought a new stake in Archer Daniels Midland in the 1st quarter valued at $333,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Archer Daniels Midland by 0.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 53,303 shares of the company’s stock valued at $2,559,000 after purchasing an additional 343 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Archer Daniels Midland by 18.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company’s stock valued at $8,042,000 after purchasing an additional 26,328 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Archer Daniels Midland by 7.4% in the first quarter. Asset Management One Co. Ltd. now owns 197,432 shares of the company’s stock valued at $9,479,000 after purchasing an additional 13,670 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Stock Up 0.2%

Shares of NYSE ADM opened at $61.82 on Thursday. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.57. The stock’s fifty day moving average is $61.55 and its 200 day moving average is $54.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The stock has a market capitalization of $29.70 billion, a P/E ratio of 27.23, a PEG ratio of 4.87 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Monday, December 2nd. The company reported $1.63 earnings per share (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%. Sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 annualized dividend and a yield of 3.3%. Archer Daniels Midland’s dividend payout ratio is presently 89.87%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price for the company. 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 report on Tuesday, August 12th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Finally, 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. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland has an average rating of “Hold” and an average price target of $55.50.

About Archer Daniels Midland

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.