Handelsbanken Fonder AB Purchases New Shares in Archer-Daniels-Midland Company (NYSE:ADM)

Handelsbanken Fonder AB bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 24,645 shares of the company's stock, valued at approximately $1,183,000.

A number of other institutional investors have also recently added to or reduced their stakes in ADM. AustralianSuper Pty Ltd lifted its position in shares of Archer-Daniels-Midland by 26.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock valued at $87,409,000 after acquiring an additional 360,844 shares during the period. Amundi lifted its position in shares of Archer-Daniels-Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after acquiring an additional 894,562 shares during the period. Hickory Point Bank & Trust acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at $1,217,000. Semanteon Capital Management LP acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at $614,000. Finally, Aigen Investment Management LP raised its holdings in Archer-Daniels-Midland by 127.7% during the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock worth $2,372,000 after buying an additional 26,329 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Price Performance

ADM traded up $2.32 on Friday, reaching $51.98. The company had a trading volume of 7,556,173 shares, compared to its average volume of 3,541,568. The business has a 50 day simple moving average of $47.90 and a 200 day simple moving average of $48.67. The company has a market cap of $24.97 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 1.54 and a beta of 0.67. 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 Company has a 52-week low of $40.98 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business's revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Wednesday, May 21st. Archer-Daniels-Midland's payout ratio is 72.86%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America cut shares of 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 report on Thursday, May 8th. Barclays lowered 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 report on Monday, February 24th. Citigroup cut 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 report on Tuesday, April 15th. Finally, UBS Group upgraded 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 research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of "Hold" and an average price target of $52.00.

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.