Vest Financial LLC Has $66.11 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Vest Financial LLC lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 37.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,376,946 shares of the company's stock after purchasing an additional 372,368 shares during the period. Archer-Daniels-Midland comprises about 1.0% of Vest Financial LLC's holdings, making the stock its 14th largest position. Vest Financial LLC owned 0.29% of Archer-Daniels-Midland worth $66,107,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADM. Vanguard Group Inc. boosted its holdings in Archer-Daniels-Midland by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock valued at $3,150,390,000 after purchasing an additional 706,567 shares in the last quarter. Wellington Management Group LLP raised its holdings in Archer-Daniels-Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after acquiring an additional 1,722,428 shares during the last quarter. Geode Capital Management LLC raised its holdings in Archer-Daniels-Midland by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock valued at $590,305,000 after acquiring an additional 247,647 shares during the last quarter. Northern Trust Corp raised its holdings in Archer-Daniels-Midland by 2.6% in the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock valued at $557,489,000 after acquiring an additional 275,792 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Archer-Daniels-Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock worth $361,007,000 after buying an additional 1,420,625 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on ADM shares. UBS Group raised Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and raised their price objective for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Morgan Stanley cut their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Citigroup cut their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Barclays cut their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Finally, Bank of America cut Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $47.00 to $45.00 in a 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 issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $52.00.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded up $0.48 during trading hours on Friday, reaching $47.46. 2,169,615 shares of the company were exchanged, compared to its average volume of 3,520,563. The stock's fifty day moving average is $47.45 and its two-hundred day moving average is $48.88. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 13.15, a P/E/G 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 (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 earnings per share. Sell-side analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.30%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is 72.86%.

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.