World Investment Advisors Takes Position in Archer Daniels Midland Company (NYSE:ADM)

World Investment Advisors acquired a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,707 shares of the company's stock, valued at approximately $274,000.

A number of other hedge funds also recently made changes to their positions in the stock. Capital Advisors Ltd. LLC lifted its holdings in shares of Archer Daniels Midland by 43.4% in the 1st 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. Sagespring Wealth Partners LLC lifted its stake in Archer Daniels Midland by 4.1% in the first quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after purchasing an additional 239 shares during the last quarter. Stolper Co boosted its position in Archer Daniels Midland by 0.8% during the first quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after buying an additional 275 shares during the period. Horizon Investments LLC grew its stake in shares of Archer Daniels Midland by 3.5% during the fourth quarter. Horizon Investments LLC now owns 8,529 shares of the company's stock valued at $431,000 after buying an additional 285 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Archer Daniels Midland by 2.0% in the fourth quarter. Citizens Financial Group Inc. RI now owns 16,190 shares of the company's stock worth $818,000 after buying an additional 324 shares during the period. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Stock Performance

ADM stock traded up $0.08 on Friday, hitting $54.97. The company had a trading volume of 2,190,040 shares, compared to its average volume of 3,497,791. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The stock has a market cap of $26.41 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 3.06 and a beta of 0.69. The stock's 50-day simple moving average is $50.77 and its 200 day simple moving average is $48.96.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data 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 net margin of 1.63% and a return on equity of 8.71%. The company had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The firm's revenue was down 7.7% compared to the same quarter last year. As a group, equities research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.71%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio is 72.86%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ADM shares. UBS Group upgraded 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 research report on Monday, May 19th. Citigroup decreased 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 research note on Tuesday, April 15th. Barclays increased their price target on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research report on Wednesday, July 2nd. Finally, Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Archer Daniels Midland currently has an average rating of "Hold" and an average price target of $52.25.

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.