Exeter Financial LLC Increases Position in Archer-Daniels-Midland Company (NYSE:ADM)

Exeter Financial LLC boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 27.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,595 shares of the company's stock after purchasing an additional 5,501 shares during the quarter. Exeter Financial LLC's holdings in Archer-Daniels-Midland were worth $1,229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sage Capital Advisors llc boosted its holdings in shares of Archer-Daniels-Midland by 0.3% in the 1st quarter. Sage Capital Advisors llc now owns 115,443 shares of the company's stock worth $5,542,000 after buying an additional 375 shares during the last quarter. Moody National Bank Trust Division bought a new position in shares of Archer-Daniels-Midland in the 1st quarter worth about $221,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Archer-Daniels-Midland by 22.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,958 shares of the company's stock worth $94,000 after purchasing an additional 359 shares during the last quarter. Chancellor Financial Group WB LP bought a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at $678,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Archer-Daniels-Midland by 7.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 52,960 shares of the company's stock valued at $2,676,000 after purchasing an additional 3,509 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADM has been the subject of a number of research reports. Bank of America cut Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. UBS Group raised shares of 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 report on Monday, May 19th. BMO Capital Markets reduced their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Morgan Stanley cut their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Finally, Barclays cut their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Monday, February 24th. 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 company presently has an average rating of "Hold" and a consensus price target of $52.00.

Archer-Daniels-Midland Stock Performance

ADM stock traded down $0.31 during midday trading on Tuesday, reaching $47.79. The stock had a trading volume of 1,257,448 shares, compared to its average volume of 4,099,848. The stock has a market cap of $22.96 billion, a PE ratio of 13.24, a P/E/G ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08. The firm has a fifty day simple moving average of $47.50 and a two-hundred day simple moving average of $48.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. During the same period in the prior year, the business earned $1.46 earnings per share. The business's revenue was down 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's payout ratio is 72.86%.

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.