Blueshift Asset Management LLC Makes New Investment in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Blueshift Asset Management LLC has invested approximately $299,000 in Archer Daniels Midland Company by acquiring 6,233 shares, as reported in their latest Form 13F filing.
• Archer Daniels Midland reported quarterly earnings of $0.70 per share, beating analyst estimates, but experienced a 7.7% decline in year-over-year revenue.
• The company recently declared a quarterly dividend of $0.51 per share, reflecting an annualized yield of 3.8% and a payout ratio of 72.86%.

Blueshift Asset Management LLC acquired a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,233 shares of the company's stock, valued at approximately $299,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. S.A. Mason LLC acquired a new position in Archer Daniels Midland during the 1st quarter worth approximately $25,000. ORG Partners LLC lifted its position in Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after acquiring an additional 523 shares in the last quarter. NBC Securities Inc. acquired a new position in Archer Daniels Midland during the 1st quarter worth approximately $37,000. Capital Advisors Ltd. LLC lifted its position in Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after acquiring an additional 237 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position 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 worth $40,000 after acquiring an additional 439 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on ADM shares. Citigroup reduced their price target on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $50.00 to $61.00 in a research report on Wednesday. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $55.00 to $60.00 in a 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 objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $51.86.

Archer Daniels Midland Stock Performance

Shares of NYSE ADM traded up $0.33 during trading on Thursday, reaching $57.06. The stock had a trading volume of 229,953 shares, compared to its average volume of 3,971,359. The stock has a market cap of $27.42 billion, a PE ratio of 25.09, a P/E/G ratio of 3.24 and a beta of 0.68. The firm's 50 day moving average price is $52.97 and its two-hundred day moving average price is $49.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.81 and a current ratio of 11.03. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $62.61.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. The firm's revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. On average, research analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

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.