Entropy Technologies LP Makes New Investment in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Entropy Technologies LP has made a new investment in Archer Daniels Midland Company (NYSE:ADM), purchasing 45,428 shares valued at approximately $2.18 million.
• The company recently reported quarterly earnings of $0.93 EPS, beating expectations, but experienced a 4.9% decline in revenue year-over-year.
• Archer Daniels Midland also declared a quarterly dividend of $0.51, representing an annualized dividend yield of 3.5%.

Entropy Technologies LP purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,428 shares of the company's stock, valued at approximately $2,181,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in Archer Daniels Midland by 350.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock worth $838,030,000 after buying an additional 13,579,379 shares during the last quarter. Northern Trust Corp grew its stake in Archer Daniels Midland by 2.6% during the fourth quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock worth $557,489,000 after buying an additional 275,792 shares during the last quarter. Invesco Ltd. grew its stake in Archer Daniels Midland by 8.5% during the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock worth $372,250,000 after buying an additional 607,767 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Archer Daniels Midland by 20.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock worth $212,825,000 after buying an additional 727,675 shares during the last quarter. Finally, FMR LLC grew its stake in Archer Daniels Midland by 0.9% during the fourth 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 during the last quarter. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Down 0.2%

Shares of NYSE ADM opened at $57.77 on Monday. The firm has a market capitalization 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 current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $62.61. The firm's 50-day moving average is $53.34 and its 200-day moving average is $49.57.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly 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 company had revenue of $21.17 billion during 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 revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. Equities analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on ADM. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday. Citigroup dropped their target price on shares of 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. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $51.86.

Archer Daniels Midland Company 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.

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