Bell Bank Purchases 16,558 Shares of Archer Daniels Midland Company (NYSE:ADM)

Bell Bank raised its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 11.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,536 shares of the company's stock after purchasing 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.

Other hedge funds have also modified their holdings of the company. Fairway Wealth LLC purchased a new position in shares of Archer Daniels Midland during the 4th quarter valued at $25,000. CoreFirst Bank & Trust bought a new stake in Archer Daniels Midland during the fourth quarter valued at about $30,000. OFI Invest Asset Management purchased a new position in shares of Archer Daniels Midland in the fourth quarter valued at about $35,000. NBC Securities Inc. bought a new position in shares of Archer Daniels Midland in the first quarter worth about $37,000. Finally, Capital Advisors Ltd. LLC grew its position in shares of Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after purchasing an additional 237 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on ADM shares. 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. Citigroup dropped 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 research report on Tuesday, April 15th. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their target price for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Barclays decreased their price target on shares of Archer Daniels Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. Two equities research 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $52.00.

Archer Daniels Midland Price Performance

ADM traded down $0.36 during trading hours on Friday, hitting $53.63. The company's stock had a trading volume of 8,469,894 shares, compared to its average volume of 3,594,888. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. 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 business's 50-day moving average price is $48.73 and its 200-day moving average price is $48.70. The stock has a market cap of $25.77 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 3.00 and a beta of 0.67.

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

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio (DPR) 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.