Hussman Strategic Advisors Inc. acquired a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,500 shares of the company's stock, valued at approximately $2,521,000.
A number of other institutional investors have also recently made changes to their positions in ADM. S.A. Mason LLC purchased a new position in Archer Daniels Midland in the 1st quarter worth $25,000. CoreFirst Bank & Trust purchased a new position in Archer Daniels Midland in the 4th quarter worth $30,000. ORG Partners LLC raised its stake in Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after acquiring an additional 523 shares during the last quarter. NBC Securities Inc. purchased a new position in Archer Daniels Midland in the 1st quarter worth $37,000. Finally, Capital Advisors Ltd. LLC raised its stake in Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after acquiring an additional 237 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.
Archer Daniels Midland Price Performance
Shares of Archer Daniels Midland stock traded up $0.32 on Monday, hitting $54.71. The company's stock had a trading volume of 499,894 shares, compared to its average volume of 3,509,109. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $64.39. The firm has a fifty day moving average price of $51.38 and a 200-day moving average price of $49.06. The company has a market capitalization of $26.28 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 3.04 and a beta of 0.69.
Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The company had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. During the same period in the previous year, the firm posted $1.46 EPS. Archer Daniels Midland's revenue was down 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.
Archer Daniels Midland Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.73%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's payout ratio is 72.86%.
Wall Street Analysts Forecast Growth
ADM has been the subject of a number of recent research reports. Citigroup reduced their price objective 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. Barclays lifted their price objective on Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research note on Wednesday, July 2nd. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Bank of America lowered 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 note on Thursday, May 8th. 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $52.25.
Check Out Our Latest Report on ADM
Archer Daniels Midland Company Profile
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Free Report)
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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