First Trust Advisors LP Has $36.68 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

First Trust Advisors LP raised its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 726,108 shares of the company's stock after buying an additional 98,531 shares during the period. First Trust Advisors LP owned approximately 0.15% of Archer-Daniels-Midland worth $36,683,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Barclays PLC raised its position in shares of Archer-Daniels-Midland by 52.0% in the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company's stock valued at $89,738,000 after purchasing an additional 514,005 shares in the last quarter. Invst LLC bought a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth about $640,000. Virtu Financial LLC acquired a new position in Archer-Daniels-Midland in the third quarter valued at approximately $981,000. World Investment Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $1,204,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Archer-Daniels-Midland in the third quarter valued at $425,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the company. BMO Capital Markets cut their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Citigroup cut their target price on 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. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Barclays cut their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Finally, Stephens lowered their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $52.75.

Archer-Daniels-Midland Trading Up 0.0 %

Shares of NYSE:ADM traded up $0.02 during midday trading on Wednesday, reaching $47.80. The company had a trading volume of 4,366,560 shares, compared to its average volume of 3,600,583. The company has a fifty day simple moving average of $46.91 and a two-hundred day simple moving average of $50.04. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The firm has a market cap of $22.93 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same period last year, the firm posted $1.36 earnings per share. The firm's quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio (DPR) is 56.51%.

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.