55,500 Shares in Archer Daniels Midland Company (NYSE:ADM) Acquired by Unison Advisors LLC

Unison Advisors LLC purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,500 shares of the company's stock, valued at approximately $2,665,000.

Several other large investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new stake in Archer Daniels Midland in the first quarter valued at $87,000. Oak Thistle LLC acquired a new position in shares of Archer Daniels Midland during the first quarter valued at $1,016,000. KLP Kapitalforvaltning AS increased its holdings in shares of Archer Daniels Midland by 3.4% during the first quarter. KLP Kapitalforvaltning AS now owns 452,538 shares of the company's stock valued at $21,726,000 after purchasing an additional 14,900 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Archer Daniels Midland by 6.7% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 353,377 shares of the company's stock worth $16,966,000 after acquiring an additional 22,160 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Archer Daniels Midland by 9.5% during the first quarter. Allianz Asset Management GmbH now owns 371,258 shares of the company's stock worth $17,824,000 after acquiring an additional 32,110 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Down 0.2%

NYSE ADM traded down $0.12 during trading on Friday, reaching $55.38. 2,684,088 shares of the company's stock were exchanged, compared to its average volume of 3,063,897. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $64.24. The firm has a market capitalization of $26.61 billion, a PE ratio of 19.78, a P/E/G ratio of 3.10 and a beta of 0.69. 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 company's fifty day simple moving average is $51.93 and its 200-day simple moving average is $49.27.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The firm's revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 EPS. Sell-side analysts predict 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 issued 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 3.68%. Archer Daniels Midland's dividend payout ratio is 72.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ADM shares. Citigroup lowered their target price on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Bank of America lowered 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. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Finally, Barclays lifted their price target on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $52.25.

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.