Beacon Financial Advisory LLC Invests $880,000 in Archer Daniels Midland Company (NYSE:ADM)

Beacon Financial Advisory LLC bought a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,320 shares of the company's stock, valued at approximately $880,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth $25,000. S.A. Mason LLC bought a new stake in shares of Archer Daniels Midland during the 1st quarter valued at about $25,000. CoreFirst Bank & Trust bought a new stake in Archer Daniels Midland in the fourth quarter worth approximately $30,000. ORG Partners LLC lifted 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 buying an additional 523 shares during the period. Finally, OFI Invest Asset Management bought a new position in shares of Archer Daniels Midland during the 4th quarter worth approximately $35,000. Institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

ADM has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Finally, Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price target 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 issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $52.00.

Archer Daniels Midland Stock Up 1.7%

Shares of NYSE ADM opened at $53.18 on Friday. 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 50-day moving average price of $49.38 and a 200-day moving average price of $48.73. The stock has a market capitalization of $25.55 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.91 and a beta of 0.67. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The company's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 earnings per share. On average, equities research analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio is 72.86%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.