AIA Group Ltd Acquires 20,196 Shares of Archer Daniels Midland Company (NYSE:ADM)

Key Points

• AIA Group Ltd increased its stake in Archer Daniels Midland Company by 101.7% in the first quarter, now holding 40,050 shares valued at approximately $1.92 million.
• Archer Daniels Midland recently reported $0.93 EPS for the quarter, exceeding analyst expectations, despite a 4.9% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.51 per share, representing an annual yield of 3.5%, with a payout ratio of 89.87%.

AIA Group Ltd boosted its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 101.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,050 shares of the company's stock after buying an additional 20,196 shares during the quarter. AIA Group Ltd's holdings in Archer Daniels Midland were worth $1,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Foundations Investment Advisors LLC boosted its holdings in shares of Archer Daniels Midland by 5.4% in the first quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock valued at $207,000 after buying an additional 220 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after buying an additional 237 shares during the period. Sagespring Wealth Partners LLC boosted its holdings in shares of Archer Daniels Midland by 4.1% in the first quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after buying an additional 239 shares during the period. Stolper Co boosted its holdings in shares of Archer Daniels Midland by 0.8% in the first quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after buying an additional 275 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of Archer Daniels Midland by 6.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock valued at $254,000 after buying an additional 326 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Performance

NYSE:ADM traded up $0.38 during mid-day trading on Friday, reaching $59.70. 2,810,303 shares of the company's stock were exchanged, compared to its average volume of 3,964,126. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $62.61. The firm has a market capitalization of $28.68 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 3.18 and a beta of 0.68. The business's fifty day simple moving average is $54.27 and its two-hundred day simple moving average is $49.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. Analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is presently 89.87%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group reaffirmed a "buy" rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, Morgan Stanley upped their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $54.71.

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.