1,693,515 Shares in Archer Daniels Midland Company (NYSE:ADM) Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new position in Archer Daniels Midland Company, purchasing 1,693,515 shares valued at approximately $81.31 million during Q1, representing 0.35% ownership of the company.
• Analysts have varied opinions on the stock, with Barclays upgrading it to "equal weight" and increasing the price target from $50 to $61, while Bank of America downgraded it from "neutral" to "underperform" with a lower target of $45.
• Archer Daniels Midland recently reported earnings of $0.93 per share, beating the consensus estimate by $0.05, although revenue for the quarter was down by 4.9% year-over-year.

Nuveen LLC bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,693,515 shares of the company's stock, valued at approximately $81,306,000. Nuveen LLC owned about 0.35% of Archer Daniels Midland at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Archer Daniels Midland in the 4th quarter valued at $1,914,000. Handelsbanken Fonder AB acquired a new position in shares of Archer Daniels Midland in the 1st quarter valued at $1,183,000. Bell Bank lifted its stake in shares of Archer Daniels Midland by 11.0% in the 1st quarter. Bell Bank now owns 167,536 shares of the company's stock valued at $8,043,000 after purchasing an additional 16,558 shares during the period. SG Americas Securities LLC acquired a new position in shares of Archer Daniels Midland in the 1st quarter valued at $333,000. Finally, Sarasin & Partners LLP acquired a new position in shares of Archer Daniels Midland in the 1st quarter valued at $1,200,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock traded up $0.38 on Friday, hitting $59.70. The company's stock had a trading volume of 2,935,652 shares, compared to its average volume of 3,230,437. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week 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. The firm has a fifty day moving average price of $54.52 and a 200-day moving average price of $49.87. The company has a market capitalization of $28.68 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 3.16 and a beta of 0.68.

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

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. Archer Daniels Midland's dividend payout ratio (DPR) is presently 89.87%.

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.