Concurrent Investment Advisors LLC Purchases 5,167 Shares of Archer Daniels Midland Company (NYSE:ADM)

Concurrent Investment Advisors LLC boosted its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 33.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,541 shares of the company's stock after buying an additional 5,167 shares during the period. Concurrent Investment Advisors LLC's holdings in Archer Daniels Midland were worth $986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Archer Daniels Midland by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock valued at $3,150,390,000 after buying an additional 706,567 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Archer Daniels Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock worth $1,068,626,000 after buying an additional 1,722,428 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Archer Daniels Midland by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock worth $590,305,000 after buying an additional 247,647 shares during the last quarter. Northern Trust Corp raised its stake in shares of Archer Daniels Midland by 2.6% during the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock worth $557,489,000 after buying an additional 275,792 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Archer Daniels Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock valued at $361,007,000 after purchasing an additional 1,420,625 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Up 0.1%

Shares of Archer Daniels Midland stock traded up $0.08 during trading on Friday, hitting $54.97. 2,190,040 shares of the stock traded hands, compared to its average volume of 3,497,791. The stock has a market cap of $26.41 billion, a P/E ratio of 19.63, a PEG ratio of 3.06 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The company has a fifty day moving average price of $50.77 and a two-hundred day moving average price of $48.96.

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

Archer Daniels Midland Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 3.71%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio is 72.86%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup cut 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 note on Tuesday, April 15th. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price target for the company from $55.00 to $60.00 in a report on Monday, May 19th. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, Barclays upped their price target on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $52.25.

Archer Daniels Midland Company 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.