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

Key Points

• OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Archer Daniels Midland Company, purchasing 8,200 shares valued at approximately $394,000 during the 1st quarter.
• Archer Daniels Midland reported a quarterly EPS of $0.70, slightly beating the consensus estimate of $0.69, but experienced a 7.7% decline in revenue compared to the same quarter last year.
• The company recently declared a quarterly dividend of $0.51, yielding an annualized 3.8%, with a payout ratio of 72.86%.

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,200 shares of the company's stock, valued at approximately $394,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. raised its position in shares of Archer Daniels Midland by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 294,360 shares of the company's stock worth $14,871,000 after purchasing an additional 14,966 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in shares of Archer Daniels Midland during the fourth quarter worth about $8,464,000. Aviva PLC grew its holdings in shares of Archer Daniels Midland by 1.4% during the fourth quarter. Aviva PLC now owns 286,834 shares of the company's stock worth $14,491,000 after buying an additional 4,037 shares in the last quarter. Wedbush Securities Inc. raised its position in Archer Daniels Midland by 7.0% in the 4th quarter. Wedbush Securities Inc. now owns 9,584 shares of the company's stock valued at $484,000 after buying an additional 626 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Archer Daniels Midland by 83.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 92,614 shares of the company's stock worth $4,679,000 after acquiring an additional 42,087 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ADM shares. Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their price objective for the company from $55.00 to $60.00 in a report on Monday, May 19th. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $50.00 to $61.00 in a report on Wednesday. Finally, Citigroup decreased their price target on 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $51.86.

Archer Daniels Midland Stock Performance

Shares of NYSE ADM traded up $1.10 during midday trading on Thursday, hitting $57.83. 3,904,902 shares of the company's stock were exchanged, compared to its average volume of 3,984,476. The company has a quick ratio of 0.81, a current ratio of 11.03 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $27.79 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 3.24 and a beta of 0.68. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $62.61. The company's 50 day moving average price is $52.97 and its 200 day moving average price is $49.50.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) 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 company had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $21.56 billion. During the same quarter last year, the company posted $1.03 EPS. Archer Daniels Midland's quarterly revenue was down 4.9% compared to the same quarter last year. As a group, analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

About Archer Daniels Midland

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.