Argyle Capital Management LLC Raises Stake in Archer Daniels Midland Company (NYSE:ADM)

Argyle Capital Management LLC increased its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 40.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,375 shares of the company's stock after purchasing an additional 5,850 shares during the period. Argyle Capital Management LLC's holdings in Archer Daniels Midland were worth $978,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ADM. Capital Advisors Ltd. LLC boosted its holdings in Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after purchasing an additional 237 shares during the period. Sagespring Wealth Partners LLC raised its holdings in Archer Daniels Midland by 4.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after acquiring an additional 239 shares in the last quarter. Stolper Co lifted its position in shares of Archer Daniels Midland by 0.8% during the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after acquiring an additional 275 shares during the period. Horizon Investments LLC lifted its holdings in shares of Archer Daniels Midland by 3.5% during the 4th quarter. Horizon Investments LLC now owns 8,529 shares of the company's stock worth $431,000 after acquiring an additional 285 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in shares of Archer Daniels Midland by 2.0% during the 4th quarter. Citizens Financial Group Inc. RI now owns 16,190 shares of the company's stock worth $818,000 after acquiring an additional 324 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Down 1.8%

Shares of ADM stock traded down $1.01 on Friday, reaching $54.90. 2,259,865 shares of the company were exchanged, compared to its average volume of 3,520,330. The company has a 50-day moving average of $49.96 and a 200-day moving average of $48.78. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $66.08. 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 market cap of $26.37 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 3.07 and a beta of 0.69.

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 for the quarter, topping 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 company had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. Archer Daniels Midland's revenue for the quarter was down 7.7% on a year-over-year basis. Analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's payout ratio is currently 72.86%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Barclays raised their price objective on Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a report on Wednesday. Finally, Citigroup reduced 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 report on Tuesday, April 15th. 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 MarketBeat, the company has an average rating of "Hold" and a consensus price target of $52.25.

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.