Marathon Asset Management Ltd Buys 11,940 Shares of Archer Daniels Midland Company (NYSE:ADM)

Marathon Asset Management Ltd raised its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 296,408 shares of the company's stock after buying an additional 11,940 shares during the period. Marathon Asset Management Ltd owned about 0.06% of Archer Daniels Midland worth $14,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ADM. Advisor OS LLC grew its stake in Archer Daniels Midland by 4.9% during the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after purchasing an additional 212 shares during the period. Silver Coast Investments LLC grew its stake in Archer Daniels Midland by 4.4% during the fourth quarter. Silver Coast Investments LLC now owns 5,608 shares of the company's stock worth $283,000 after purchasing an additional 235 shares during the period. Capital Advisors Ltd. LLC grew its stake in Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after purchasing an additional 237 shares during the period. Sagespring Wealth Partners LLC grew its stake in Archer Daniels Midland by 4.1% during the first quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after purchasing an additional 239 shares during the period. Finally, Stolper Co grew its stake in Archer Daniels Midland by 0.8% during the first quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after purchasing an additional 275 shares during the period. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Trading Down 2.1%

Shares of Archer Daniels Midland stock opened at $52.05 on Friday. 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 52 week low of $40.98 and a 52 week high of $66.08. The stock has a 50 day moving average price of $49.47 and a two-hundred day moving average price of $48.73. The stock has a market capitalization of $25.01 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 2.96 and a beta of 0.67.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $22.05 billion. During the same quarter last year, the company earned $1.46 earnings per share. The company's revenue for the quarter was down 7.7% on a year-over-year basis. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued a $0.51 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.92%. Archer Daniels Midland's dividend payout ratio is presently 72.86%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ADM shares. Citigroup decreased their target price 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. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their target price for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Bank of America cut 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 analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Archer Daniels Midland presently has an average rating of "Hold" and a consensus price target of $52.00.

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.

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