Czech National Bank increased its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 6.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,911 shares of the company's stock after purchasing an additional 6,240 shares during the period. Czech National Bank's holdings in Archer-Daniels-Midland were worth $5,277,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at approximately $25,000. Stonebridge Financial Group LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter valued at $28,000. CoreFirst Bank & Trust acquired a new stake in shares of Archer-Daniels-Midland during the fourth quarter worth $30,000. Asset Planning Inc bought a new position in shares of Archer-Daniels-Midland in the 4th quarter worth about $31,000. Finally, OFI Invest Asset Management bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 78.28% of the company's stock.
Archer-Daniels-Midland Stock Performance
Shares of ADM traded up $0.37 during trading hours on Friday, reaching $47.35. 1,070,321 shares of the company's stock traded hands, compared to its average volume of 3,514,701. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The business's fifty day simple moving average is $47.45 and its two-hundred day simple moving average is $48.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The firm has a market capitalization of $22.75 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 1.54 and a beta of 0.67.
Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. During the same period in the prior year, the business posted $1.46 EPS. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. Analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.
Archer-Daniels-Midland Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is presently 72.86%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ADM. Bank of America cut shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Citigroup reduced their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley dropped their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. UBS Group raised shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and boosted their price target for the company from $55.00 to $60.00 in a report on Monday, May 19th. Finally, Barclays dropped their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $52.00.
Get Our Latest Analysis on ADM
Archer-Daniels-Midland Profile
(
Free Report)
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.
Further Reading
Before you consider Archer-Daniels-Midland, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Archer-Daniels-Midland wasn't on the list.
While Archer-Daniels-Midland currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
