Principal Financial Group Inc. Increases Stock Holdings in Archer Daniels Midland Company (NYSE:ADM)

Principal Financial Group Inc. grew its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 610,661 shares of the company's stock after buying an additional 35,768 shares during the quarter. Principal Financial Group Inc. owned 0.13% of Archer Daniels Midland worth $29,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new stake in shares of Archer Daniels Midland in the 4th quarter valued at approximately $25,000. S.A. Mason LLC purchased a new position in Archer Daniels Midland during the first quarter worth $25,000. CoreFirst Bank & Trust bought a new position in Archer Daniels Midland during the fourth quarter valued at $30,000. ORG Partners LLC lifted its holdings in shares of Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after acquiring an additional 523 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Archer Daniels Midland during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Up 0.1%

NYSE:ADM traded up $0.08 during mid-day trading on Friday, reaching $54.97. The company's stock had a trading volume of 2,190,040 shares, compared to its average volume of 3,502,286. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The stock has a fifty day moving average of $50.77 and a 200-day moving average of $48.96. The firm has a market capitalization of $26.41 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 3.07 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The company's quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio (DPR) is currently 72.86%.

Analyst Ratings Changes

Several analysts have issued reports on ADM shares. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Barclays boosted their price objective on Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a report on Wednesday, July 2nd. Bank of America lowered 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 research note on Thursday, May 8th. 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 research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.25.

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.