Monarch Capital Management Inc. Acquires 3,430 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Monarch Capital Management Inc. lifted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 28.4% in the first quarter, Holdings Channel.com reports. The fund owned 15,510 shares of the company’s stock after purchasing an additional 3,430 shares during the period. Monarch Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new position in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $25,000. Stonebridge Financial Group LLC bought a new position in Archer-Daniels-Midland in the fourth quarter worth $28,000. CoreFirst Bank & Trust purchased a new position in Archer-Daniels-Midland during the fourth quarter valued at $30,000. Asset Planning Inc purchased a new stake in shares of Archer-Daniels-Midland in the 4th quarter worth about $31,000. Finally, OFI Invest Asset Management bought a new position in shares of Archer-Daniels-Midland in the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup lowered their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. UBS Group upgraded shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price target for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, Barclays decreased their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Two research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.00.

Archer-Daniels-Midland Stock Up 1.6%

NYSE:ADM opened at $48.65 on Wednesday. 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 Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a 50-day moving average of $47.46 and a 200 day moving average of $48.74. The firm has a market cap of $23.37 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results 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 business had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 earnings per share. As a group, research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) 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.