United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $288,000 in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• United Super Pty Ltd invested $288,000 in Archer Daniels Midland Company (NYSE: ADM), acquiring 6,000 shares during the first quarter, according to their Form 13F filing.
• Archer Daniels Midland reported a quarterly earnings per share of $0.70, exceeding analysts' expectations, despite a 7.7% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.51, which represents an annualized yield of 3.8%, with a dividend payout ratio of 72.86%.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,000 shares of the company's stock, valued at approximately $288,000.

A number of other institutional investors have also modified their holdings of ADM. S.A. Mason LLC acquired a new position in shares of Archer Daniels Midland in the 1st quarter worth approximately $25,000. ORG Partners LLC boosted 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 valued at $34,000 after buying an additional 523 shares during the period. NBC Securities Inc. bought a new stake in shares of Archer Daniels Midland during the 1st quarter valued at about $37,000. Capital Advisors Ltd. LLC lifted its holdings in Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after acquiring an additional 237 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Archer Daniels Midland by 109.8% in the first quarter. Golden State Wealth Management LLC now owns 839 shares of the company's stock valued at $40,000 after acquiring an additional 439 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Performance

Shares of NYSE ADM traded up $0.17 during mid-day trading on Thursday, reaching $56.90. 611,911 shares of the company were exchanged, compared to its average volume of 3,973,741. The company has a quick ratio of 0.81, a current ratio of 11.03 and a debt-to-equity ratio of 0.37. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $62.61. The stock has a market capitalization of $27.34 billion, a P/E ratio of 25.08, a P/E/G ratio of 3.24 and a beta of 0.68. The company's 50-day simple moving average is $52.97 and its 200-day simple moving average is $49.50.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.88 by $0.05. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company's revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. As a group, research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Bank of America lowered shares of 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 note on Thursday, May 8th. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $50.00 to $61.00 in a research report on Wednesday. Finally, 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 research report on Tuesday, April 15th. One research analyst has 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, the company presently has a consensus rating of "Hold" and an average price target of $51.86.

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.