Archer Daniels Midland Company (NYSE:ADM) Shares Acquired by Empirical Finance LLC

Empirical Finance LLC lifted its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 2.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,902 shares of the company’s stock after buying an additional 523 shares during the quarter. Empirical Finance LLC’s holdings in Archer Daniels Midland were worth $907,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mediolanum International Funds Ltd raised its stake in shares of Archer Daniels Midland by 1.0% during the 1st quarter. Mediolanum International Funds Ltd now owns 272,175 shares of the company’s stock worth $13,029,000 after buying an additional 2,734 shares during the last quarter. Robinson Value Management Ltd. raised its stake in shares of Archer Daniels Midland by 125.2% during the 1st quarter. Robinson Value Management Ltd. now owns 95,415 shares of the company’s stock worth $4,581,000 after buying an additional 53,038 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Archer Daniels Midland by 0.8% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 99,924 shares of the company’s stock worth $4,795,000 after buying an additional 800 shares during the last quarter. Benedict Financial Advisors Inc. raised its stake in shares of Archer Daniels Midland by 4.7% during the 1st quarter. Benedict Financial Advisors Inc. now owns 43,257 shares of the company’s stock worth $2,077,000 after buying an additional 1,939 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Archer Daniels Midland by 11.3% during the 1st quarter. Cetera Investment Advisers now owns 189,083 shares of the company’s stock worth $9,078,000 after buying an additional 19,247 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Trading Down 0.2%

NYSE ADM opened at $55.38 on Monday. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.24. The company has a 50-day moving average of $51.93 and a 200-day moving average of $49.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. The company has a market cap of $26.61 billion, a P/E ratio of 19.78, a P/E/G ratio of 3.09 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results 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 return on equity of 8.71% and a net margin of 1.63%. The business had revenue of $20.18 billion during the quarter, compared to analysts’ expectations of $22.05 billion. During the same quarter in the previous year, the business earned $1.46 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, equities analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland’s payout ratio is currently 72.86%.

Analysts Set New Price Targets

ADM has been the subject of several analyst reports. Bank of America downgraded shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and cut their target price for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. UBS Group raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Citigroup cut their target price on shares of 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. Finally, Barclays boosted their target price on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the company an “underweight” rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $52.25.

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.