Mirae Asset Global Investments Co. Ltd. Purchases 400,029 Shares of Archer Daniels Midland Company (NYSE:ADM)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 678.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 459,002 shares of the company's stock after acquiring an additional 400,029 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Archer Daniels Midland worth $21,972,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ADM. Fairway Wealth LLC purchased a new position in Archer Daniels Midland in the fourth quarter worth about $25,000. S.A. Mason LLC purchased a new position in shares of Archer Daniels Midland in the 1st quarter worth approximately $25,000. CoreFirst Bank & Trust purchased a new position in shares of Archer Daniels Midland in the 4th quarter worth approximately $30,000. ORG Partners LLC lifted its position in Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after buying an additional 523 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Archer Daniels Midland in the fourth quarter worth $35,000. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Trading Down 2.1%

Shares of ADM opened at $52.05 on Friday. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a 50-day moving average of $49.47 and a 200 day moving average of $48.70. The firm has a market capitalization of $25.01 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.89 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The company's revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. On average, research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current 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. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.92%. Archer Daniels Midland's payout ratio is currently 72.86%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ADM shares. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Finally, Citigroup decreased their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $52.00.

Archer Daniels Midland Company 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.

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