National Asset Management Inc. bought a new stake in Archer Daniels Midland Co (NYSE:ADM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 27,719 shares of the company’s stock, valued at approximately $976,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Midwest Bank Trust Division grew its stake in shares of Archer Daniels Midland by 1.3% during the first quarter. First Midwest Bank Trust Division now owns 23,361 shares of the company’s stock worth $822,000 after purchasing an additional 300 shares during the period. Farmers & Merchants Investments Inc. grew its stake in shares of Archer Daniels Midland by 53.8% during the first quarter. Farmers & Merchants Investments Inc. now owns 900 shares of the company’s stock worth $32,000 after purchasing an additional 315 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of Archer Daniels Midland by 25.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,578 shares of the company’s stock worth $73,000 after purchasing an additional 316 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Archer Daniels Midland by 3.4% during the first quarter. Proficio Capital Partners LLC now owns 10,772 shares of the company’s stock worth $398,000 after purchasing an additional 356 shares during the period. Finally, Telemus Capital LLC grew its stake in shares of Archer Daniels Midland by 4.9% during the fourth quarter. Telemus Capital LLC now owns 8,302 shares of the company’s stock worth $385,000 after purchasing an additional 385 shares during the period. 76.84% of the stock is owned by institutional investors.
Shares of Archer Daniels Midland stock traded up $0.26 during trading on Friday, reaching $35.38. The stock had a trading volume of 1,745,704 shares, compared to its average volume of 2,837,733. The company has a market capitalization of $19.51 billion, a price-to-earnings ratio of 12.96 and a beta of 0.94. The stock has a fifty day moving average price of $35.73 and a two-hundred day moving average price of $40.65. Archer Daniels Midland Co has a 52 week low of $28.92 and a 52 week high of $47.20. The company has a current ratio of 1.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.71 billion. Archer Daniels Midland had a return on equity of 10.15% and a net margin of 2.39%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. On average, equities analysts forecast that Archer Daniels Midland Co will post 2.91 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Tuesday, May 19th. Archer Daniels Midland’s dividend payout ratio is currently 44.44%.
ADM has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Archer Daniels Midland from $47.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. Zacks Investment Research lowered Archer Daniels Midland from a “buy” rating to a “hold” rating and set a $37.00 target price on the stock. in a report on Monday, April 6th. Stifel Nicolaus reduced their target price on Archer Daniels Midland from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Robert W. Baird lifted their target price on Archer Daniels Midland from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Finally, Monness Crespi & Hardt upgraded Archer Daniels Midland from a “sell” rating to a “neutral” rating and set a $38.00 target price on the stock in a report on Monday, March 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.13.
In related news, Director Pierre Dufour bought 1,070 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $35.20 per share, with a total value of $37,664.00. Following the completion of the transaction, the director now owns 7,700 shares in the company, valued at $271,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Francisco J. Sanchez bought 1,370 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $36.95 per share, for a total transaction of $50,621.50. Following the transaction, the director now owns 4,370 shares of the company’s stock, valued at approximately $161,471.50. The disclosure for this purchase can be found here. 1.27% of the stock is currently owned by insiders.
About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
Further Reading: Death Cross
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