Alps Advisors Inc. Boosts Stock Position in Archer Daniels Midland Company (NYSE:ADM)

Alps Advisors Inc. grew its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 10.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 512,035 shares of the company's stock after purchasing an additional 49,715 shares during the period. Alps Advisors Inc. owned about 0.11% of Archer Daniels Midland worth $24,583,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC increased its holdings in Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after purchasing an additional 237 shares in the last quarter. Sagespring Wealth Partners LLC increased its holdings in Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after purchasing an additional 239 shares in the last quarter. Stolper Co increased its holdings in Archer Daniels Midland by 0.8% during the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after purchasing an additional 275 shares in the last quarter. Horizon Investments LLC boosted its stake in shares of Archer Daniels Midland by 3.5% in the 4th quarter. Horizon Investments LLC now owns 8,529 shares of the company's stock worth $431,000 after buying an additional 285 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of Archer Daniels Midland by 2.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 16,190 shares of the company's stock worth $818,000 after buying an additional 324 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADM has been the topic of a number of research analyst reports. Citigroup cut their target price on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Finally, Barclays boosted their target price on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $52.25.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock traded up $0.08 during trading on Friday, hitting $54.97. The stock had a trading volume of 2,190,040 shares, compared to its average volume of 3,497,791. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average is $50.77 and its two-hundred day moving average is $48.96. The stock has a market cap of $26.41 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 3.06 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $22.05 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. Archer Daniels Midland's revenue for the quarter was down 7.7% on a year-over-year basis. As a group, analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.71%. Archer Daniels Midland's dividend payout ratio is currently 72.86%.

About Archer Daniels Midland

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.