Nisa Investment Advisors LLC raised its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,003 shares of the company's stock after acquiring an additional 7,355 shares during the quarter. Nisa Investment Advisors LLC's holdings in Archer Daniels Midland were worth $6,385,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. S.A. Mason LLC bought a new stake in Archer Daniels Midland during the 1st quarter valued at approximately $25,000. CoreFirst Bank & Trust purchased a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $30,000. ORG Partners LLC lifted its holdings in shares of Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after purchasing an additional 523 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Archer Daniels Midland during the first quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after purchasing an additional 237 shares during the last quarter. 78.28% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on ADM. Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Barclays lifted their target price on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a report on Wednesday, July 2nd. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their target price for the company from $55.00 to $60.00 in a report on Monday, May 19th. Finally, Citigroup lowered their target price on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Two equities 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $52.25.
Check Out Our Latest Stock Analysis on Archer Daniels Midland
Archer Daniels Midland Stock Up 0.1%
NYSE ADM traded up $0.08 during mid-day trading on Friday, reaching $54.97. The stock had a trading volume of 2,190,040 shares, compared to its average volume of 3,497,791. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The stock has a market cap of $26.41 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 3.06 and a beta of 0.69. The company has a fifty day moving average price of $50.77 and a 200 day moving average price of $48.96. 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 announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.46 EPS. On average, research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.
Archer Daniels Midland Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 3.71%. Archer Daniels Midland's dividend payout ratio is presently 72.86%.
About Archer Daniels Midland
(
Free Report)
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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