Sarasin & Partners LLP Invests $1.20 Million in Archer-Daniels-Midland Company (NYSE:ADM)

Sarasin & Partners LLP acquired a new position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,000 shares of the company's stock, valued at approximately $1,200,000.

Other large investors also recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in Archer-Daniels-Midland in the fourth quarter worth approximately $25,000. Stonebridge Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth $28,000. CoreFirst Bank & Trust acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth $30,000. Asset Planning Inc acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth $31,000. Finally, OFI Invest Asset Management acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth $35,000. Institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

ADM has been the topic of a number of recent analyst reports. UBS Group raised Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and upped their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Morgan Stanley reduced their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Citigroup reduced their price target 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. Bank of America downgraded Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Barclays cut their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of "Hold" and a consensus price target of $52.00.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM traded down $0.08 during mid-day trading on Wednesday, hitting $48.67. The stock had a trading volume of 3,330,216 shares, compared to its average volume of 3,515,158. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The company has a 50 day moving average of $47.46 and a two-hundred day moving average of $48.74. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The firm has a market cap of $23.38 billion, a PE ratio of 13.48, a PEG ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS. Research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is currently 72.86%.

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.