Albert D Mason Inc. Makes New Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Albert D Mason Inc. purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,269 shares of the company's stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd grew its position in Archer-Daniels-Midland by 26.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock valued at $87,409,000 after buying an additional 360,844 shares during the period. Amundi grew 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 valued at $123,340,000 after buying an additional 894,562 shares during the period. Hickory Point Bank & Trust acquired a new stake in Archer-Daniels-Midland during the fourth quarter valued at $1,217,000. Semanteon Capital Management LP acquired a new stake in Archer-Daniels-Midland during the fourth quarter valued at $614,000. Finally, Aigen Investment Management LP grew its position in Archer-Daniels-Midland by 127.7% during the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock valued at $2,372,000 after buying an additional 26,329 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM traded up $2.32 during trading on Friday, hitting $51.98. The company had a trading volume of 7,556,173 shares, compared to its average volume of 3,541,568. The stock has a fifty day simple moving average of $47.90 and a two-hundred day simple moving average of $48.67. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.97 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted 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 firm 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 2.10% and a return on equity of 10.44%. The company's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.46 earnings per share. On average, research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is currently 72.86%.

Wall Street Analyst Weigh In

Several analysts recently commented on ADM shares. Citigroup dropped their price target on shares of 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 lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. UBS Group upgraded shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and lifted their target price for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Finally, Barclays dropped their target price on shares of 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 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 company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.