Archer Daniels Midland Company (NYSE:ADM) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 189.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,401 shares of the company's stock after purchasing an additional 17,281 shares during the quarter. Exchange Traded Concepts LLC's holdings in Archer Daniels Midland were worth $1,268,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ADM. Vanguard Group Inc. boosted its stake in Archer Daniels Midland by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock valued at $3,150,390,000 after acquiring an additional 706,567 shares during the period. Wellington Management Group LLP lifted its position in Archer Daniels Midland by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock worth $1,068,626,000 after purchasing an additional 1,722,428 shares during the period. Geode Capital Management LLC lifted its position in Archer Daniels Midland by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock worth $590,305,000 after purchasing an additional 247,647 shares during the period. Northern Trust Corp lifted its position in shares of Archer Daniels Midland by 2.6% during the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock valued at $557,489,000 after acquiring an additional 275,792 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Archer Daniels Midland by 24.8% during the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock valued at $361,007,000 after acquiring an additional 1,420,625 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADM has been the topic of several recent analyst reports. UBS Group raised 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 research note on Monday, May 19th. Citigroup lowered their target price 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. Barclays lowered 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. Finally, Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $52.00.

Archer Daniels Midland Trading Down 0.2%

Shares of NYSE:ADM opened at $54.00 on Thursday. The company's 50-day moving average price is $48.54 and its two-hundred day moving average price is $48.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $66.08. The stock has a market capitalization of $25.95 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. During the same period in the prior year, the firm earned $1.46 EPS. Archer Daniels Midland's quarterly revenue was down 7.7% compared to the same quarter last year. On average, equities analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm 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 was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.78%. Archer Daniels Midland's payout ratio is presently 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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