Applied Capital LLC FL Purchases Shares of 13,505 Archer Daniels Midland Company (NYSE:ADM)

Applied Capital LLC FL acquired a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,505 shares of the company's stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. S.A. Mason LLC acquired a new stake in shares of Archer Daniels Midland in the first quarter valued at $25,000. CoreFirst Bank & Trust purchased a new stake in Archer Daniels Midland during the 4th quarter worth about $30,000. ORG Partners LLC lifted its holdings in Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after buying an additional 523 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Archer Daniels Midland in the 1st quarter valued at about $37,000. Finally, Capital Advisors Ltd. LLC increased its position in Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after acquiring an additional 237 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ADM shares. Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their target price for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Citigroup cut their target price on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Barclays raised their price objective on Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $52.25.

Archer Daniels Midland Stock Down 0.9%

NYSE:ADM traded down $0.51 during mid-day trading on Tuesday, reaching $53.80. The stock had a trading volume of 3,548,738 shares, compared to its average volume of 3,497,734. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. The stock's 50 day simple moving average is $50.91 and its two-hundred day simple moving average is $48.96. The company has a market capitalization of $25.85 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 3.07 and a beta of 0.69. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The business's revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. Equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were given a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 3.79%. Archer Daniels Midland's dividend payout ratio (DPR) is 72.86%.

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.