Archer Daniels Midland Company (NYSE:ADM) Holdings Lifted by Denali Advisors LLC

Denali Advisors LLC boosted its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 81.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,546 shares of the company's stock after purchasing an additional 6,526 shares during the period. Denali Advisors LLC's holdings in Archer Daniels Midland were worth $698,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Hussman Strategic Advisors Inc. bought a new stake in Archer Daniels Midland during the first quarter worth about $2,521,000. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group grew its holdings in shares of Archer Daniels Midland by 3.3% during the first quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 21,806 shares of the company's stock valued at $1,047,000 after buying an additional 695 shares during the last quarter. Markel Group Inc. grew its holdings in shares of Archer Daniels Midland by 5.2% during the first quarter. Markel Group Inc. now owns 1,551,300 shares of the company's stock valued at $74,478,000 after buying an additional 77,000 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Archer Daniels Midland by 231.1% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 49,602 shares of the company's stock valued at $2,382,000 after buying an additional 34,622 shares during the last quarter. Finally, Forum Financial Management LP lifted its position in Archer Daniels Midland by 21.0% during the first quarter. Forum Financial Management LP now owns 8,893 shares of the company's stock valued at $427,000 after purchasing an additional 1,544 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Price Performance

ADM stock traded up $1.18 during trading on Tuesday, hitting $55.33. The stock had a trading volume of 1,055,200 shares, compared to its average volume of 3,505,731. The company's 50 day moving average price is $51.38 and its two-hundred day moving average price is $49.06. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.39. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 3.04 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 (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The company's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.46 EPS. On average, sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio (DPR) is currently 72.86%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays increased their price objective on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research report on Wednesday, July 2nd. Bank of America cut shares of 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 note on Thursday, May 8th. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Citigroup decreased their price objective on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.25.

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.