Cambridge Investment Research Advisors Inc. Acquires 26,328 Shares of Archer Daniels Midland Company (NYSE:ADM)

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 18.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,515 shares of the company's stock after acquiring an additional 26,328 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Archer Daniels Midland were worth $8,042,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its position in Archer Daniels Midland by 54.1% during the 4th quarter. Private Advisor Group LLC now owns 46,896 shares of the company's stock worth $2,369,000 after purchasing an additional 16,456 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Archer Daniels Midland in the fourth quarter valued at about $45,000. IFP Advisors Inc raised its position in shares of Archer Daniels Midland by 78.2% during the fourth quarter. IFP Advisors Inc now owns 13,172 shares of the company's stock worth $666,000 after acquiring an additional 5,779 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Archer Daniels Midland by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,092,552 shares of the company's stock worth $156,236,000 after acquiring an additional 46,901 shares during the period. Finally, FourThought Financial Partners LLC acquired a new stake in Archer Daniels Midland during the 4th quarter valued at approximately $224,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of recent analyst reports. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, Citigroup decreased 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $52.00.

Archer Daniels Midland Trading Down 1.1%

NYSE ADM opened at $52.34 on Thursday. The business has a 50 day moving average price of $49.28 and a 200-day moving average price of $48.72. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The company has a market cap of $25.15 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 2.94 and a beta of 0.67.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The company's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. As a group, equities 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio is currently 72.86%.

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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