Bell Bank Raises Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Bell Bank grew its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,536 shares of the company's stock after acquiring an additional 16,558 shares during the quarter. Bell Bank's holdings in Archer-Daniels-Midland were worth $8,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ADM. Vontobel Holding Ltd. lifted its position in shares of Archer-Daniels-Midland by 21.8% in the fourth quarter. Vontobel Holding Ltd. now owns 18,271 shares of the company's stock valued at $923,000 after acquiring an additional 3,276 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Archer-Daniels-Midland by 38.5% in the fourth quarter. Valeo Financial Advisors LLC now owns 6,154 shares of the company's stock valued at $311,000 after acquiring an additional 1,711 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at approximately $1,005,000. Allworth Financial LP lifted its position in shares of Archer-Daniels-Midland by 9.6% in the fourth quarter. Allworth Financial LP now owns 2,648 shares of the company's stock valued at $134,000 after acquiring an additional 232 shares in the last quarter. Finally, Csenge Advisory Group lifted its position in shares of Archer-Daniels-Midland by 60.8% in the fourth quarter. Csenge Advisory Group now owns 35,954 shares of the company's stock valued at $1,816,000 after acquiring an additional 13,598 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

ADM stock opened at $54.21 on Tuesday. The business has a fifty day moving average of $48.15 and a two-hundred day moving average of $48.62. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08.

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 (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 earnings per share. As a group, research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 3.76%. Archer-Daniels-Midland's dividend payout ratio (DPR) is 72.86%.

Analyst Upgrades and Downgrades

ADM has been the topic of several research reports. Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Bank of America cut Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their price target for the company 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 increased their price target for the company from $55.00 to $60.00 in a report on Monday, May 19th. Finally, Citigroup cut their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. 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 stock. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of "Hold" and a consensus target price of $52.00.

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.

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