Cerity Partners LLC Grows Position in Archer Daniels Midland Company (NYSE:ADM)

Cerity Partners LLC boosted its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 447.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,962 shares of the company's stock after buying an additional 213,269 shares during the period. Cerity Partners LLC owned 0.05% of Archer Daniels Midland worth $12,529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ADM. S.A. Mason LLC purchased a new stake in shares of Archer Daniels Midland during the 1st quarter worth $25,000. CoreFirst Bank & Trust bought a new position in Archer Daniels Midland in the fourth quarter worth about $30,000. ORG Partners LLC boosted its holdings in shares of Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after buying an additional 523 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Archer Daniels Midland in the 1st quarter worth approximately $37,000. Finally, Capital Advisors Ltd. LLC raised its stake in shares of 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. Institutional investors own 78.28% of the company's stock.

Analyst Ratings Changes

ADM has been the topic of several analyst reports. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Barclays boosted their target price on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 2nd. 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 research note on Tuesday, April 15th. Finally, Bank of America lowered 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $52.25.

Archer Daniels Midland Stock Performance

Shares of NYSE:ADM traded down $0.58 during trading on Monday, hitting $54.36. The stock had a trading volume of 2,313,637 shares, compared to its average volume of 4,097,428. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The stock has a market capitalization of $26.12 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 3.07 and a beta of 0.69. The stock has a 50-day simple moving average of $50.77 and a two-hundred day simple moving average of $48.94.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The company 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%. Archer Daniels Midland's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.46 EPS. On average, equities research 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's payout ratio is 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.