Skylands Capital LLC Grows Stock Holdings in Archer Daniels Midland Company (NYSE:ADM)

Skylands Capital LLC raised its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 16.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,875 shares of the company's stock after acquiring an additional 12,750 shares during the quarter. Skylands Capital LLC's holdings in Archer Daniels Midland were worth $4,363,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ADM. Norges Bank acquired a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $333,521,000. Wellington Management Group LLP grew its position in shares of Archer Daniels Midland by 8.9% in the fourth 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 in the last quarter. Invesco Ltd. grew its position in shares of Archer Daniels Midland by 24.8% in the fourth 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 in the last quarter. Amundi grew its position in shares of Archer Daniels Midland by 56.7% in the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after purchasing an additional 894,562 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its position in shares of Archer Daniels Midland by 56.8% in the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock valued at $117,658,000 after purchasing an additional 843,662 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ADM shares. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their price target for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Citigroup dropped their price target 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. Finally, Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $52.00.

Archer Daniels Midland Trading Down 2.1%

Archer Daniels Midland stock traded down $1.12 during mid-day trading on Friday, hitting $52.05. The company's stock had a trading volume of 4,770,003 shares, compared to its average volume of 3,503,599. The firm has a market capitalization of $25.01 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 2.89 and a beta of 0.67. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. 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 stock's fifty day moving average is $49.47 and its two-hundred day moving average is $48.70.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share 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 company had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. On average, 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 declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.92%. Archer Daniels Midland's dividend payout ratio is currently 72.86%.

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.