Edgestream Partners L.P. Takes $2.82 Million Position in Archer Daniels Midland Company (NYSE:ADM)

Edgestream Partners L.P. acquired a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 58,647 shares of the company's stock, valued at approximately $2,816,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADM. HighTower Advisors LLC raised its stake in Archer Daniels Midland by 4.2% during the fourth quarter. HighTower Advisors LLC now owns 82,203 shares of the company's stock valued at $4,153,000 after buying an additional 3,291 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Archer Daniels Midland by 5.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 211,475 shares of the company's stock valued at $10,684,000 after purchasing an additional 11,817 shares during the last quarter. Cibc World Markets Corp grew its holdings in shares of Archer Daniels Midland by 14.4% during the fourth quarter. Cibc World Markets Corp now owns 187,582 shares of the company's stock valued at $9,477,000 after purchasing an additional 23,679 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of Archer Daniels Midland by 3.5% during the fourth quarter. Horizon Investments LLC now owns 8,529 shares of the company's stock valued at $431,000 after purchasing an additional 285 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in Archer Daniels Midland in the 4th quarter worth approximately $821,000. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ADM. Barclays upped their target price on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 2nd. 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 report on Thursday, May 8th. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their price objective for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Finally, Citigroup cut 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Archer Daniels Midland has a consensus rating of "Hold" and an average price target of $52.25.

Archer Daniels Midland Stock Down 0.7%

Shares of ADM traded down $0.40 during mid-day trading on Thursday, reaching $53.60. The company's stock had a trading volume of 4,503,682 shares, compared to its average volume of 3,513,734. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. 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 company has a market cap of $25.75 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 3.01 and a beta of 0.69. The business has a fifty day moving average of $51.14 and a 200 day moving average of $49.03.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted 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 1.63% and a return on equity of 8.71%. The business had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. During the same period in the prior year, the business posted $1.46 earnings per share. Archer Daniels Midland's revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.81%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's dividend 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.