Allianz Asset Management GmbH Has $17.82 Million Stake in Archer Daniels Midland Company (NYSE:ADM)

Allianz Asset Management GmbH lifted its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 9.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 371,258 shares of the company's stock after buying an additional 32,110 shares during the period. Allianz Asset Management GmbH owned 0.08% of Archer Daniels Midland worth $17,824,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. S.A. Mason LLC acquired a new position in Archer Daniels Midland in the first quarter valued at $25,000. CoreFirst Bank & Trust acquired a new stake in shares of Archer Daniels Midland in the fourth quarter worth approximately $30,000. ORG Partners LLC grew its holdings in Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after purchasing an additional 523 shares during the period. NBC Securities Inc. acquired a new position in Archer Daniels Midland during the first quarter worth approximately $37,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after purchasing an additional 237 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM traded down $0.12 during trading on Friday, reaching $55.38. The stock had a trading volume of 2,684,088 shares, compared to its average volume of 3,063,897. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.24. The stock has a market capitalization of $26.61 billion, a PE ratio of 19.78, a P/E/G ratio of 3.10 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. The business's 50-day moving average price is $51.93 and its 200 day moving average price is $49.27.

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

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio is currently 72.86%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADM. UBS Group upgraded 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 report on Monday, May 19th. Citigroup decreased their target price on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Barclays increased their price objective on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research note on Wednesday, July 2nd. Finally, Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $52.25.

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.