KBC Group NV Acquires 158,026 Shares of Archer Daniels Midland Company (NYSE:ADM)

KBC Group NV increased its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 51.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 464,848 shares of the company's stock after purchasing an additional 158,026 shares during the period. KBC Group NV owned approximately 0.10% of Archer Daniels Midland worth $22,318,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in Archer Daniels Midland in the fourth quarter valued at about $8,677,000. SVB Wealth LLC bought a new position in Archer Daniels Midland in the fourth quarter valued at about $409,000. John G Ullman & Associates Inc. grew its position in Archer Daniels Midland by 15.6% in the fourth quarter. John G Ullman & Associates Inc. now owns 5,200 shares of the company's stock valued at $263,000 after acquiring an additional 700 shares during the last quarter. Jones Financial Companies Lllp grew its position in Archer Daniels Midland by 72.6% in the fourth quarter. Jones Financial Companies Lllp now owns 12,037 shares of the company's stock valued at $608,000 after acquiring an additional 5,065 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Archer Daniels Midland in the fourth quarter valued at about $850,000. Institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

ADM has been the topic of several research reports. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Citigroup reduced their price target on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Two 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 MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $52.00.

Archer Daniels Midland Trading Up 3.0%

ADM stock traded up $1.58 during trading on Tuesday, hitting $54.36. The company had a trading volume of 5,011,559 shares, compared to its average volume of 3,512,379. The business has a 50-day moving average of $49.56 and a 200-day moving average of $48.67. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $66.08. The stock has a market cap of $26.12 billion, a PE ratio of 19.41, a PEG ratio of 2.89 and a beta of 0.67. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating 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 business had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The firm's revenue was down 7.7% on a year-over-year basis. Research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently announced 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 3.75%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's payout ratio is presently 72.86%.

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.