21,160 Shares in Archer Daniels Midland Company (NYSE:ADM) Acquired by Oak Thistle LLC

Oak Thistle LLC bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 21,160 shares of the company's stock, valued at approximately $1,016,000.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Archer Daniels Midland in the 4th quarter valued at approximately $333,521,000. Wellington Management Group LLP increased its position in shares of Archer Daniels Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after purchasing an additional 1,722,428 shares during the last quarter. Invesco Ltd. increased its position in shares of Archer Daniels Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock valued at $361,007,000 after purchasing an additional 1,420,625 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in shares of Archer Daniels Midland by 56.8% in the 4th quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock valued at $117,658,000 after buying an additional 843,662 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Archer Daniels Midland by 20.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock worth $212,825,000 after purchasing an additional 727,675 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays raised their price objective on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research note on Wednesday, July 2nd. Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Citigroup dropped 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. Finally, UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $52.25.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock traded down $0.64 during trading on Thursday, hitting $55.59. 2,346,780 shares of the stock were exchanged, compared to its average volume of 3,126,456. The stock's fifty day moving average is $51.83 and its 200 day moving average is $49.23. The stock has a market cap of $26.71 billion, a PE ratio of 19.85, a P/E/G ratio of 3.14 and a beta of 0.69. 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 12 month low of $40.98 and a 12 month high of $64.31.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The firm had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. During the same quarter in the prior year, the firm posted $1.46 EPS. Archer Daniels Midland's revenue was down 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's payout ratio is 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.