Physicians Financial Services Inc. Increases Stock Position in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Physicians Financial Services Inc. increased its stake in Archer Daniels Midland Company by 360.3%, now owning 23,117 shares valued at approximately $1.11 million.
• Wall Street analysts have mixed reviews; Barclays raised the price target to $50, while UBS upgraded to a "buy" rating with a new target of $60.
• Archer Daniels Midland announced a quarterly dividend of $0.51 per share, reflecting a 3.68% dividend yield based on an annualized payout of $2.04.

Physicians Financial Services Inc. boosted its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 360.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,117 shares of the company's stock after acquiring an additional 18,095 shares during the period. Physicians Financial Services Inc.'s holdings in Archer Daniels Midland were worth $1,110,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Archer Daniels Midland by 13.7% in the fourth quarter. American Century Companies Inc. now owns 443,113 shares of the company's stock valued at $22,386,000 after acquiring an additional 53,351 shares in the last quarter. Sei Investments Co. raised its stake in shares of Archer Daniels Midland by 5.5% in the fourth quarter. Sei Investments Co. now owns 144,957 shares of the company's stock valued at $7,323,000 after acquiring an additional 7,503 shares in the last quarter. Korea Investment CORP increased its holdings in Archer Daniels Midland by 72.1% in the fourth quarter. Korea Investment CORP now owns 275,476 shares of the company's stock valued at $13,917,000 after buying an additional 115,400 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Archer Daniels Midland by 7.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 869,053 shares of the company's stock valued at $43,496,000 after buying an additional 58,789 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in Archer Daniels Midland by 33.8% in the fourth quarter. UniSuper Management Pty Ltd now owns 51,432 shares of the company's stock valued at $2,598,000 after buying an additional 12,990 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ADM shares. Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their price target for the stock from $55.00 to $60.00 in a report on Monday, May 19th. 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, Barclays raised their price target on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday, July 2nd. Two equities research 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. According to data from MarketBeat, Archer Daniels Midland currently has a consensus rating of "Hold" and a consensus target price of $52.25.

Archer Daniels Midland Price Performance

Shares of ADM stock traded down $0.60 during midday trading on Tuesday, reaching $54.16. 3,370,670 shares of the company traded hands, compared to its average volume of 2,837,248. 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 1-year low of $40.98 and a 1-year high of $63.14. The firm has a market cap of $26.02 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 3.06 and a beta of 0.69. The firm's 50 day simple moving average is $52.03 and its two-hundred day simple moving average is $49.28.

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

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a $0.51 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 3.77%. Archer Daniels Midland's payout ratio is currently 72.86%.

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.