OVERSEA CHINESE BANKING Corp Ltd Makes New $394,000 Investment in Archer Daniels Midland Company (NYSE:ADM)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,200 shares of the company's stock, valued at approximately $394,000.

A number of other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC raised its position in Archer Daniels Midland by 4.2% in the 4th quarter. HighTower Advisors LLC now owns 82,203 shares of the company's stock valued at $4,153,000 after buying an additional 3,291 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Archer Daniels Midland by 26.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,366 shares of the company's stock valued at $524,000 after buying an additional 2,183 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Archer Daniels Midland by 5.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 211,475 shares of the company's stock valued at $10,684,000 after buying an additional 11,817 shares during the last quarter. GWN Securities Inc. purchased a new stake in Archer Daniels Midland in the 4th quarter valued at $238,000. Finally, Cibc World Markets Corp raised its position in Archer Daniels Midland by 14.4% in the 4th quarter. Cibc World Markets Corp now owns 187,582 shares of the company's stock valued at $9,477,000 after buying an additional 23,679 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

Shares of ADM stock traded down $0.43 on Thursday, hitting $53.58. 3,158,809 shares of the stock were exchanged, compared to its average volume of 3,504,633. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $25.74 billion, a PE ratio of 19.14, a P/E/G ratio of 3.00 and a beta of 0.69. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $66.08. The firm's 50 day moving average is $51.14 and its two-hundred day moving average is $49.03.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate 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 business had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. During the same quarter last year, the company earned $1.46 EPS. The firm's revenue was down 7.7% compared to the same quarter last year. Sell-side analysts expect 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. Shareholders of record on Wednesday, May 21st were paid a $0.51 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 3.81%. Archer Daniels Midland's dividend payout ratio is currently 72.86%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ADM. Barclays raised their target price on Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research report on Wednesday, July 2nd. 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 report 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 company from $55.00 to $60.00 in a research report on Monday, May 19th. Finally, Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $52.25.

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.