Independent Advisor Alliance Boosts Stake in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Independent Advisor Alliance increased its stake in Archer Daniels Midland Company (NYSE:ADM) by 26.0%, now owning 37,562 shares valued at approximately $1.8 million.
• Archer Daniels Midland reported earnings of $0.93 per share for the last quarter, exceeding analyst expectations, although its revenue declined by 4.9% year-over-year.
• The company declared a quarterly dividend of $0.51 per share, reflecting an annualized dividend yield of 3.5%.

Independent Advisor Alliance increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 26.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,562 shares of the company's stock after purchasing an additional 7,749 shares during the period. Independent Advisor Alliance's holdings in Archer Daniels Midland were worth $1,803,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings 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 acquiring an additional 13,579,379 shares during the period. Northern Trust Corp lifted its holdings 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 acquiring an additional 275,792 shares during the period. Invesco Ltd. lifted its holdings 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 acquiring an additional 607,767 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings 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 acquiring an additional 727,675 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Archer Daniels Midland by 18.0% during the fourth quarter. ProShare Advisors LLC now owns 3,410,560 shares of the company's stock worth $172,301,000 after acquiring an additional 520,615 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on ADM. Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. UBS Group reissued a "buy" rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday. Morgan Stanley upped their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Archer Daniels Midland presently has a consensus rating of "Hold" and an average target price of $54.71.

Archer Daniels Midland Stock Performance

Shares of NYSE:ADM traded up $0.38 on Friday, hitting $59.70. 2,935,652 shares of the company were exchanged, compared to its average volume of 3,973,206. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $62.61. The stock's 50 day moving average price is $54.27 and its 200 day moving average price is $49.81. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $28.68 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 3.18 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (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 the consensus estimate of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm's quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. Sell-side analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is currently 89.87%.

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.