Invesco Ltd. Increases Position in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Invesco Ltd. increased its stake in Archer Daniels Midland Company (NYSE:ADM) by 8.5% in the first quarter, acquiring 607,767 shares, bringing its total holdings to 7,753,585 shares valued at approximately $372 million.
• Multiple hedge funds have significantly increased their positions in Archer Daniels Midland, with Envestnet Asset Management and Renaissance Technologies boosting holdings by 83.3% and 31.6% respectively during the last quarter.
• Analyst ratings for Archer Daniels Midland have varied, with Bank of America downgrading the stock to "underperform," while UBS Group upgraded it to "buy," adjusting its price target from $60 to $70.

Invesco Ltd. raised its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 8.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 7,753,585 shares of the company's stock after buying an additional 607,767 shares during the period. Invesco Ltd. owned about 1.61% of Archer Daniels Midland worth $372,250,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. S.A. Mason LLC purchased a new position in shares of Archer Daniels Midland during the 1st quarter valued at about $25,000. Headlands Technologies LLC purchased a new position in shares of Archer Daniels Midland during the 1st quarter valued at about $25,000. ORG Partners LLC raised its stake in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after buying an additional 523 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Archer Daniels Midland during the 1st quarter valued at about $37,000. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

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

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock traded up $0.25 on Friday, hitting $59.57. 1,231,187 shares of the company were exchanged, compared to its average volume of 3,961,813. The stock has a market capitalization of $28.62 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 3.18 and a beta of 0.68. The company has a 50-day moving average price of $54.27 and a 200 day moving average price of $49.81. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $62.61. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.88 by $0.05. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. As a group, sell-side analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be given 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 yield of 3.4%. Archer Daniels Midland's payout ratio is presently 89.87%.

About Archer Daniels Midland

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.