SG Americas Securities LLC Acquires New Position in Archer Daniels Midland Company (NYSE:ADM)

SG Americas Securities LLC purchased a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,934 shares of the company's stock, valued at approximately $333,000.

Other hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Archer Daniels Midland during the 4th quarter worth approximately $25,000. CoreFirst Bank & Trust purchased a new stake in shares of Archer Daniels Midland during the fourth quarter worth approximately $30,000. OFI Invest Asset Management acquired a new position in Archer Daniels Midland in the 4th quarter valued at $35,000. NBC Securities Inc. purchased a new position in Archer Daniels Midland in the 1st quarter valued at $37,000. Finally, Operose Advisors LLC boosted its stake in Archer Daniels Midland by 328.8% during the 4th quarter. Operose Advisors LLC now owns 879 shares of the company's stock worth $44,000 after purchasing an additional 674 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Up 1.7%

Shares of ADM stock traded up $0.88 during trading hours on Thursday, reaching $53.18. 3,595,364 shares of the stock were exchanged, compared to its average volume of 4,161,482. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. The firm has a market capitalization of $25.55 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.94 and a beta of 0.67. The business's fifty day moving average is $49.28 and its two-hundred day moving average is $48.72.

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. The firm had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The business's revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 EPS. As a group, research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 3.84%. Archer Daniels Midland's payout ratio is currently 72.86%.

Analysts Set New Price Targets

ADM has been the topic of several research reports. Citigroup decreased their price target on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Bank of America cut 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 report on Thursday, May 8th. Finally, UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their price target for the company from $55.00 to $60.00 in a report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland has a consensus rating of "Hold" and an average target price of $52.00.

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.