Archer Daniels Midland Company (NYSE:ADM) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,432 shares of the company's stock after acquiring an additional 13,670 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Archer Daniels Midland were worth $9,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Archer Daniels Midland in the fourth quarter worth $25,000. CoreFirst Bank & Trust acquired a new stake in shares of Archer Daniels Midland in the 4th quarter worth about $30,000. ORG Partners LLC increased its holdings in shares of Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after acquiring an additional 523 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Archer Daniels Midland in the 4th quarter worth about $35,000. Finally, NBC Securities Inc. acquired a new stake in shares of Archer Daniels Midland in the first quarter valued at approximately $37,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ADM shares. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Citigroup lowered their price target on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their price target for the company from $55.00 to $60.00 in a report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $52.00.

Archer Daniels Midland Trading Down 2.1%

Shares of ADM opened at $52.05 on Friday. The business's 50-day moving average price is $49.47 and its 200 day moving average price is $48.73. The stock has a market capitalization of $25.01 billion, a P/E ratio of 18.59, a P/E/G ratio of 2.96 and a beta of 0.67. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data 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. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The firm had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. During the same period in the previous year, the company posted $1.46 EPS. The company's quarterly revenue was down 7.7% compared to the same quarter last year. Analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

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

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.

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