3,916 Shares in Archer Daniels Midland Company $ADM Acquired by Brookstone Capital Management

Brookstone Capital Management purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,916 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors have also recently added to or reduced their stakes in ADM. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $838,030,000 after acquiring an additional 13,579,379 shares during the last quarter. Wellington Management Group LLP lifted its stake 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 valued at $1,197,568,000 after acquiring an additional 3,791,597 shares during the last quarter. Nuveen LLC acquired a new stake in Archer Daniels Midland in the first quarter valued at approximately $81,306,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Archer Daniels Midland in the second quarter valued at approximately $39,094,000. Finally, Invesco Ltd. lifted its stake in Archer Daniels Midland by 8.5% in the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock valued at $372,250,000 after acquiring an additional 607,767 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays upgraded 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. Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group reissued a “buy” rating and issued a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Morgan Stanley lifted their price target on shares of 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, Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.50.

Archer Daniels Midland Trading Down 1.5%

NYSE:ADM opened at $60.48 on Thursday. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $65.00. The company’s 50 day moving average is $61.76 and its 200-day moving average is $55.40. The firm has a market cap of $29.06 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 4.84 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) last announced its earnings results on Monday, December 2nd. The company reported $1.63 earnings per share (EPS) for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business had revenue of $21.70 billion for the quarter. Equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given 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 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.