Guardian Investment Management Invests $358,000 in Archer Daniels Midland Company (NYSE:ADM)

Guardian Investment Management purchased a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,450 shares of the company's stock, valued at approximately $358,000.

Other large investors also recently added to or reduced their stakes in the company. Amundi grew its holdings in Archer Daniels Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after purchasing an additional 894,562 shares during the last quarter. Semanteon Capital Management LP bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $614,000. Aigen Investment Management LP raised its holdings in shares of Archer Daniels Midland by 127.7% in the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock worth $2,372,000 after buying an additional 26,329 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Archer Daniels Midland during the 4th quarter worth approximately $8,677,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Archer Daniels Midland during the 4th quarter valued at $1,914,000. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Stock Up 3.0%

Archer Daniels Midland stock traded up $1.58 during midday trading on Tuesday, hitting $54.36. 5,011,559 shares of the company's stock were exchanged, compared to its average volume of 3,512,380. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38. The company has a market cap of $26.12 billion, a PE ratio of 19.41, a P/E/G ratio of 2.89 and a beta of 0.67. The firm has a 50-day moving average of $49.56 and a two-hundred day moving average of $48.67.

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

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's payout ratio is 72.86%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup decreased their target price on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their price target for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $52.00.

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.