Verity & Verity LLC Has $8.82 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Verity & Verity LLC boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,759 shares of the company's stock after buying an additional 13,486 shares during the quarter. Verity & Verity LLC's holdings in Archer-Daniels-Midland were worth $8,822,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Albert D Mason Inc. bought a new position in Archer-Daniels-Midland in the 1st quarter valued at approximately $253,000. Tobam raised its holdings in Archer-Daniels-Midland by 75.1% in the 1st quarter. Tobam now owns 21,356 shares of the company's stock valued at $1,025,000 after buying an additional 9,161 shares during the last quarter. Rockland Trust Co. raised its holdings in Archer-Daniels-Midland by 12.7% in the 1st quarter. Rockland Trust Co. now owns 16,412 shares of the company's stock valued at $788,000 after buying an additional 1,851 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its holdings in Archer-Daniels-Midland by 1.9% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 23,102 shares of the company's stock valued at $1,109,000 after buying an additional 421 shares during the last quarter. Finally, apricus wealth LLC raised its holdings in Archer-Daniels-Midland by 35.9% in the 1st quarter. apricus wealth LLC now owns 55,201 shares of the company's stock valued at $2,650,000 after buying an additional 14,575 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ADM shares. UBS Group upgraded shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and raised their price target for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Barclays lowered their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, Citigroup lowered their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.00.

Archer-Daniels-Midland Trading Up 4.7%

Shares of NYSE:ADM traded up $2.32 during mid-day trading on Friday, hitting $51.98. The company had a trading volume of 7,556,173 shares, compared to its average volume of 3,537,894. The firm has a fifty day moving average price of $47.70 and a 200 day moving average price of $48.72. The company has a market capitalization of $24.97 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08.

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

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a $0.51 dividend. The ex-dividend date of this dividend 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.