45,428 Shares in Archer Daniels Midland Company (NYSE:ADM) Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,428 shares of the company’s stock, valued at approximately $2,181,000.

Other large investors have also bought and sold shares of the company. S.A. Mason LLC bought a new stake in Archer Daniels Midland during the 1st quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in Archer Daniels Midland during the 1st quarter worth approximately $25,000. ORG Partners LLC increased its stake in Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company’s stock worth $34,000 after purchasing an additional 523 shares in the last quarter. NBC Securities Inc. bought a new stake in Archer Daniels Midland during the 1st quarter worth approximately $37,000. Finally, Capital Advisors Ltd. LLC increased its stake in Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock worth $38,000 after purchasing an additional 237 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Trading Down 0.2%

Shares of Archer Daniels Midland stock opened at $57.77 on Monday. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $62.61. The stock has a market cap of $27.76 billion, a P/E ratio of 25.45, a P/E/G ratio of 3.08 and a beta of 0.68. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $53.34 and its 200-day moving average is $49.57.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. The company had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $21.56 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. Equities research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.51 per share. The ex-dividend date is Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. Archer Daniels Midland’s dividend payout ratio is currently 89.87%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ADM shares. UBS Group raised 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 report on Monday, May 19th. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday. Bank of America cut shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Citigroup decreased 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 note on Tuesday, April 15th. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.86.

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.