Skandinaviska Enskilda Banken AB publ Boosts Holdings in Archer Daniels Midland Company (NYSE:ADM)

Skandinaviska Enskilda Banken AB publ lifted its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 0.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,924 shares of the company’s stock after buying an additional 800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Archer Daniels Midland were worth $4,795,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Capital Advisors Ltd. LLC grew its holdings in Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock valued at $38,000 after purchasing an additional 237 shares in the last quarter. Sagespring Wealth Partners LLC increased its holdings in shares of Archer Daniels Midland by 4.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company’s stock worth $289,000 after acquiring an additional 239 shares during the period. Stolper Co increased its position in Archer Daniels Midland by 0.8% in the 1st quarter. Stolper Co now owns 33,691 shares of the company’s stock valued at $1,618,000 after acquiring an additional 275 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Archer Daniels Midland by 6.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company’s stock valued at $254,000 after acquiring an additional 326 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Archer Daniels Midland by 0.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 53,303 shares of the company’s stock valued at $2,559,000 after buying an additional 343 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Trading Down 0.2%

NYSE ADM opened at $55.38 on Monday. The company has a market cap of $26.61 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 3.09 and a beta of 0.69. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $64.24. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average is $51.93 and its 200 day moving average is $49.26.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $22.05 billion. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Archer Daniels Midland’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, sell-side analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 72.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ADM shares. Citigroup reduced their price target on shares of 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. UBS Group upgraded Archer Daniels Midland from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Barclays boosted their price objective on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 2nd. Finally, Bank of America lowered shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Two equities 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 stock. According to data from MarketBeat.com, Archer Daniels Midland currently has an average rating of “Hold” and an average price target 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.