25,000 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Bought by Sarasin & Partners LLP

Sarasin & Partners LLP acquired a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 1st quarter, Holdings Channel reports. The fund acquired 25,000 shares of the company’s stock, valued at approximately $1,200,000.

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

Archer-Daniels-Midland Stock Up 1.0%

Shares of Archer-Daniels-Midland stock opened at $47.90 on Tuesday. The business has a 50-day moving average of $47.44 and a 200-day moving average of $48.74. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a market capitalization of $23.01 billion, a PE ratio of 13.27, a P/E/G ratio of 1.54 and a beta of 0.67. 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 (NYSE:ADM) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $20.18 billion for the quarter, compared to analysts’ expectations of $22.05 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.26%. Archer-Daniels-Midland’s dividend payout ratio is 72.86%.

Wall Street Analyst Weigh In

ADM has been the subject of a number of research reports. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Citigroup dropped 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 price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Finally, UBS Group raised shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.