GAMMA Investing LLC Acquires 531,426 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

GAMMA Investing LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 7,238.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 538,768 shares of the company's stock after purchasing an additional 531,426 shares during the quarter. GAMMA Investing LLC owned about 0.11% of Archer-Daniels-Midland worth $258,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Exeter Financial LLC boosted its position in shares of Archer-Daniels-Midland by 27.4% during the 1st quarter. Exeter Financial LLC now owns 25,595 shares of the company's stock worth $1,229,000 after purchasing an additional 5,501 shares in the last quarter. Sage Capital Advisors llc lifted its position in Archer-Daniels-Midland by 0.3% in the 1st quarter. Sage Capital Advisors llc now owns 115,443 shares of the company's stock valued at $5,542,000 after acquiring an additional 375 shares in the last quarter. Moody National Bank Trust Division bought a new position in Archer-Daniels-Midland in the 1st quarter valued at about $221,000. MassMutual Private Wealth & Trust FSB lifted its position in Archer-Daniels-Midland by 22.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,958 shares of the company's stock valued at $94,000 after acquiring an additional 359 shares in the last quarter. Finally, Chancellor Financial Group WB LP bought a new position in Archer-Daniels-Midland in the 4th quarter valued at about $678,000. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Performance

ADM traded down $0.25 on Wednesday, hitting $47.03. The company's stock had a trading volume of 926,545 shares, compared to its average volume of 3,526,148. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The firm has a market cap of $22.60 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The company's 50 day simple moving average is $47.48 and its 200-day simple moving average is $48.93.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. Analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's payout ratio is 72.86%.

Analyst Ratings Changes

Several equities analysts have commented on ADM shares. Citigroup dropped 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. Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Bank of America downgraded shares of 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. Finally, BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. 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's stock. According to MarketBeat, Archer-Daniels-Midland presently has a consensus rating of "Hold" and an average target price of $52.00.

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.