Deutsche Bank AG Boosts Stock Position in Archer Daniels Midland Company (NYSE:ADM)

Deutsche Bank AG raised its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,845,047 shares of the company's stock after acquiring an additional 28,736 shares during the period. Deutsche Bank AG owned approximately 0.38% of Archer Daniels Midland worth $88,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADM. Envestnet Asset Management Inc. raised its stake in Archer Daniels Midland by 83.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 92,614 shares of the company's stock valued at $4,679,000 after acquiring an additional 42,087 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Archer Daniels Midland by 18.0% during the 4th quarter. Federated Hermes Inc. now owns 20,758 shares of the company's stock worth $1,049,000 after buying an additional 3,162 shares in the last quarter. FMR LLC raised its stake in shares of Archer Daniels Midland by 0.9% during the 4th quarter. FMR LLC now owns 4,017,104 shares of the company's stock worth $202,944,000 after buying an additional 37,237 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Archer Daniels Midland by 31.6% during the 4th quarter. Renaissance Technologies LLC now owns 378,000 shares of the company's stock worth $19,097,000 after buying an additional 90,700 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Archer Daniels Midland by 2.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 230,879 shares of the company's stock worth $11,664,000 after buying an additional 6,510 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $57.77 on Monday. The business's fifty day moving average price is $53.34 and its two-hundred day moving average price is $49.57. The stock has a market cap of $27.76 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 3.08 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $62.61.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. Archer Daniels Midland's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. On average, analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is 89.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ADM shares. Citigroup cut their target price 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. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their target price for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Bank of America downgraded 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 research note on Thursday, May 8th. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of "Hold" and a consensus target price of $51.86.

About Archer Daniels Midland

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.

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