CCM Investment Group LLC Purchases New Position in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• CCM Investment Group LLC has acquired a new position in Archer Daniels Midland Company (NYSE:ADM), purchasing 41,454 shares valued at approximately $1,984,000 during the first quarter.
• Analysts have mixed views on ADM, with ratings varying from buy to sell; the stock currently has an average price target of $51.86.
• Archer Daniels Midland announced a quarterly dividend of $0.51 per share, representing a 3.5% dividend yield and a payout ratio of approximately 89.87%.

CCM Investment Group LLC acquired a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 41,454 shares of the company's stock, valued at approximately $1,984,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADM. S.A. Mason LLC acquired a new position in Archer Daniels Midland during the 1st quarter valued at about $25,000. Headlands Technologies LLC acquired a new position in shares of Archer Daniels Midland during the 1st quarter worth about $25,000. ORG Partners LLC grew its position in shares of 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 buying an additional 523 shares during the period. NBC Securities Inc. acquired a new stake in shares of Archer Daniels Midland in the 1st quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC raised its position in shares of Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after acquiring an additional 237 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Morgan Stanley increased their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday. UBS Group reaffirmed a "buy" rating and set a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Finally, Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $54.71.

Archer Daniels Midland Stock Down 0.8%

Shares of NYSE:ADM traded down $0.47 during midday trading on Thursday, reaching $59.35. The company had a trading volume of 1,751,390 shares, compared to its average volume of 3,967,400. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The business's 50 day moving average price is $54.02 and its 200 day moving average price is $49.76. The stock has a market cap of $28.51 billion, a PE ratio of 26.14, a P/E/G ratio of 3.11 and a beta of 0.68. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $62.61.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The business had revenue of $21.17 billion for 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%. Archer Daniels Midland's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is 89.87%.

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.