Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Verity & Verity LLC

Verity & Verity LLC increased its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,759 shares of the company's stock after purchasing an additional 13,486 shares during the quarter. Verity & Verity LLC's holdings in Archer-Daniels-Midland were worth $8,822,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in Archer-Daniels-Midland during the 4th quarter worth about $25,000. Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth $28,000. CoreFirst Bank & Trust purchased a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $30,000. Asset Planning Inc purchased a new position in Archer-Daniels-Midland in the fourth quarter valued at about $31,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at about $35,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM traded up $2.21 during trading on Monday, hitting $54.21. The company had a trading volume of 8,268,754 shares, compared to its average volume of 3,560,660. The firm has a market capitalization of $26.05 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The stock has a fifty day simple moving average of $47.90 and a two-hundred day simple moving average of $48.63. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same period in the previous year, the company posted $1.46 earnings per share. The business's revenue was down 7.7% on a year-over-year basis. On average, research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 3.76%. Archer-Daniels-Midland's dividend payout ratio is presently 72.86%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup reduced their price objective 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. Bank of America cut Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. UBS Group upgraded 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 research note on Monday, May 19th. Finally, Barclays dropped their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $52.00.

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.