Banque Cantonale Vaudoise Invests $2.43 Million in Archer Daniels Midland Company (NYSE:ADM)

Banque Cantonale Vaudoise purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,702 shares of the company's stock, valued at approximately $2,434,000.

Several other hedge funds also recently made changes to their positions in ADM. S.A. Mason LLC purchased a new position in shares of Archer Daniels Midland in the first quarter worth $25,000. ORG Partners LLC grew its position in shares of Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after buying an additional 523 shares during the period. NBC Securities Inc. purchased a new stake in Archer Daniels Midland during the 1st quarter valued at about $37,000. Capital Advisors Ltd. LLC lifted its stake in Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after acquiring an additional 237 shares during the period. Finally, Golden State Wealth Management LLC lifted its stake in Archer Daniels Midland by 109.8% during the 1st quarter. Golden State Wealth Management LLC now owns 839 shares of the company's stock valued at $40,000 after acquiring an additional 439 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

ADM traded down $1.04 during trading on Thursday, hitting $54.16. 3,986,254 shares of the company traded hands, compared to its average volume of 2,689,702. The stock's 50-day simple moving average is $52.25 and its two-hundred day simple moving average is $49.36. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $62.67. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a market cap of $26.02 billion, a PE ratio of 19.34, a P/E/G ratio of 3.08 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share 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 firm had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. During the same period last year, the firm posted $1.46 earnings per share. Archer Daniels Midland's revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's payout ratio is currently 72.86%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ADM shares. Citigroup lowered their price objective on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Barclays raised their target price on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 2nd. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their target price for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $52.25.

About Archer Daniels Midland

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.