Vident Advisory LLC Has $1.24 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Vident Advisory LLC raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,470 shares of the company’s stock after buying an additional 861 shares during the quarter. Vident Advisory LLC’s holdings in Archer-Daniels-Midland were worth $1,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in Archer-Daniels-Midland by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $109,000 after buying an additional 210 shares in the last quarter. Invesco LLC grew its holdings in Archer-Daniels-Midland by 1.3% in the 4th quarter. Invesco LLC now owns 16,242 shares of the company’s stock valued at $821,000 after buying an additional 211 shares in the last quarter. Advisor OS LLC grew its holdings in Archer-Daniels-Midland by 4.9% in the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after buying an additional 212 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in Archer-Daniels-Midland by 1.1% in the 4th quarter. DAVENPORT & Co LLC now owns 21,283 shares of the company’s stock valued at $1,075,000 after buying an additional 226 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Archer-Daniels-Midland by 9.6% in the 4th quarter. Allworth Financial LP now owns 2,648 shares of the company’s stock valued at $134,000 after buying an additional 232 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $47.99 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The company has a market cap of $23.06 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.54 and a beta of 0.69. The business has a fifty day simple moving average of $47.28 and a 200 day simple moving average of $49.16.

Archer-Daniels-Midland (NYSE:ADM) last announced 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 return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. During the same period in the prior year, the company earned $1.46 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, sell-side analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.25%. Archer-Daniels-Midland’s dividend payout ratio is currently 72.86%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ADM. UBS Group raised Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Citigroup reduced their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Finally, Morgan Stanley reduced their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Two 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $52.00.

About Archer-Daniels-Midland

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.