Astoria Portfolio Advisors LLC. Takes $347,000 Position in Archer Daniels Midland Company (NYSE:ADM)

Astoria Portfolio Advisors LLC. purchased a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,209 shares of the company's stock, valued at approximately $347,000.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Archer Daniels Midland in the fourth quarter valued at approximately $25,000. S.A. Mason LLC acquired a new position in shares of Archer Daniels Midland during the first quarter worth $25,000. CoreFirst Bank & Trust purchased a new position in Archer Daniels Midland in the fourth quarter valued at $30,000. ORG Partners LLC increased its stake in Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after purchasing an additional 523 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Archer Daniels Midland during the fourth quarter worth approximately $35,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock traded down $1.01 during midday trading on Friday, hitting $54.90. 2,259,865 shares of the company's stock were exchanged, compared to its average volume of 3,520,330. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38. The stock has a market cap of $26.37 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 3.11 and a beta of 0.69. The firm's 50 day simple moving average is $49.96 and its 200 day simple moving average is $48.78.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The business's revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.46 earnings per share. Equities research analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio (DPR) is presently 72.86%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Barclays boosted their price target on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research report on Wednesday. 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. Finally, UBS Group raised 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.