Denali Advisors LLC Boosts Stake in Archer Daniels Midland Company (NYSE:ADM)

Denali Advisors LLC raised its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 81.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,546 shares of the company's stock after acquiring an additional 6,526 shares during the quarter. Denali Advisors LLC's holdings in Archer Daniels Midland were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ADM. Capital Advisors Ltd. LLC raised its holdings 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 buying an additional 237 shares in the last quarter. Sagespring Wealth Partners LLC raised its holdings in shares of Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after buying an additional 239 shares in the last quarter. Stolper Co raised its holdings in shares of Archer Daniels Midland by 0.8% during the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after buying an additional 275 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Archer Daniels Midland by 6.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock worth $254,000 after purchasing an additional 326 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Archer Daniels Midland by 0.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 53,303 shares of the company's stock worth $2,559,000 after purchasing an additional 343 shares in the last quarter. Institutional investors own 78.28% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on ADM. Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Barclays increased their price objective 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 lowered their price objective 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, UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their price target for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $52.25.

Archer Daniels Midland Trading Up 1.4%

Shares of ADM traded up $0.76 during trading hours on Wednesday, hitting $56.17. The company had a trading volume of 761,490 shares, compared to its average volume of 3,508,454. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.31. The firm has a market cap of $26.98 billion, a P/E ratio of 20.09, a P/E/G ratio of 3.02 and a beta of 0.69. 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 stock's 50 day moving average price is $51.38 and its 200 day moving average price is $49.06.

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

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's 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.