Victory Capital Management Inc. Increases Holdings in Archer Daniels Midland Company (NYSE:ADM)

Victory Capital Management Inc. increased its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 10.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,031,727 shares of the company's stock after buying an additional 98,100 shares during the quarter. Victory Capital Management Inc. owned about 0.22% of Archer Daniels Midland worth $49,533,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC grew its stake in Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after purchasing an additional 237 shares during the last quarter. Sagespring Wealth Partners LLC raised its position in Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after buying an additional 239 shares during the last quarter. Stolper Co raised its position in Archer Daniels Midland by 0.8% during the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after buying an additional 275 shares during the last quarter. Horizon Investments LLC raised its position in Archer Daniels Midland by 3.5% during the 4th quarter. Horizon Investments LLC now owns 8,529 shares of the company's stock worth $431,000 after buying an additional 285 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in Archer Daniels Midland by 6.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock worth $254,000 after buying an additional 326 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ADM shares. Citigroup reduced 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 research report on Tuesday, April 15th. Barclays increased their price target on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 2nd. Bank of America downgraded 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 research report on Thursday, May 8th. Finally, UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $52.25.

Archer Daniels Midland Trading Up 1.6%

Archer Daniels Midland stock traded up $0.84 during mid-day trading on Friday, hitting $54.38. The company's stock had a trading volume of 2,982,850 shares, compared to its average volume of 3,521,039. The firm has a market capitalization of $26.13 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 3.04 and a beta of 0.69. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $64.39. 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 stock's fifty day moving average is $51.38 and its two-hundred day moving average is $49.07.

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 for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The company had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. On average, analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The company 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 was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.75%. Archer Daniels Midland's payout ratio is presently 72.86%.

Archer Daniels Midland 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.