Cetera Investment Advisers Raises Position in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Cetera Investment Advisers increased its stake in Archer Daniels Midland Company (NYSE:ADM) by 11.3%, owning 189,083 shares valued at approximately $9.08 million as of their latest filing.
• Archer Daniels Midland reported $0.70 earnings per share for the recent quarter, exceeding analyst expectations, although revenue of $20.18 billion fell below estimates.
• The company's dividend yield stands at 3.8%, with a quarterly dividend of $0.51 declared for shareholders, reflecting a payout ratio of 72.86%.

Cetera Investment Advisers grew its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 11.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 189,083 shares of the company's stock after acquiring an additional 19,247 shares during the quarter. Cetera Investment Advisers' holdings in Archer Daniels Midland were worth $9,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADM. Advisor OS LLC increased its position in Archer Daniels Midland by 36.9% in the 1st quarter. Advisor OS LLC now owns 6,248 shares of the company's stock valued at $300,000 after acquiring an additional 1,683 shares during the period. Unison Advisors LLC bought a new position in Archer Daniels Midland during the 1st quarter worth $2,665,000. IMA Advisory Services Inc. bought a new stake in shares of Archer Daniels Midland in the 1st quarter valued at about $87,000. Oak Thistle LLC bought a new position in shares of Archer Daniels Midland during the first quarter worth about $1,016,000. Finally, KLP Kapitalforvaltning AS boosted its holdings in Archer Daniels Midland by 3.4% in the first quarter. KLP Kapitalforvaltning AS now owns 452,538 shares of the company's stock valued at $21,726,000 after acquiring an additional 14,900 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Up 1.1%

Shares of ADM stock traded up $0.59 on Monday, reaching $54.44. 1,460,078 shares of the company were exchanged, compared to its average volume of 3,971,183. 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 company has a 50-day moving average of $52.49 and a 200-day moving average of $49.37. The company has a market cap of $26.16 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 3.01 and a beta of 0.68. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $62.61.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced 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 firm had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. Analysts anticipate 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 announced 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 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's payout ratio is presently 72.86%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ADM. Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their target price for the company from $55.00 to $60.00 in a report on Monday, May 19th. Citigroup decreased their price target on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Barclays lifted their price objective on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $50.29.

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.