Advisors Management Group Inc. ADV Has $1.87 Million Holdings in Archer Daniels Midland Company (NYSE:ADM)

Advisors Management Group Inc. ADV trimmed its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,033 shares of the company's stock after selling 6,057 shares during the quarter. Advisors Management Group Inc. ADV's holdings in Archer Daniels Midland were worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in Archer Daniels Midland in the fourth quarter worth approximately $333,521,000. Wellington Management Group LLP lifted its stake in shares of Archer Daniels Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after purchasing an additional 1,722,428 shares during the last quarter. Invesco Ltd. boosted its holdings in Archer Daniels Midland by 24.8% in the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock worth $361,007,000 after purchasing an additional 1,420,625 shares in the last quarter. Amundi increased its position in Archer Daniels Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after buying an additional 894,562 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its holdings in Archer Daniels Midland by 56.8% during the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock valued at $117,658,000 after buying an additional 843,662 shares in the last quarter. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Performance

ADM opened at $52.86 on Tuesday. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The firm has a market capitalization of $25.40 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 2.89 and a beta of 0.67. The stock's 50 day moving average price is $49.56 and its two-hundred day moving average price is $48.67. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced 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 for 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 quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.46 earnings per share. On average, equities analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's payout ratio is presently 72.86%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Bank of America lowered 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 report on Thursday, May 8th. 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. Finally, UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price target for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $52.00.

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.

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