Hussman Strategic Advisors Inc. Acquires Shares of 52,500 Archer Daniels Midland Company (NYSE:ADM)

Hussman Strategic Advisors Inc. acquired a new stake in shares of Archer Daniels Midland Company (NYSE:ADMFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 52,500 shares of the company’s stock, valued at approximately $2,521,000.

Several other institutional investors have also bought and sold shares of ADM. HighTower Advisors LLC lifted its holdings in shares of Archer Daniels Midland by 4.2% in the 4th quarter. HighTower Advisors LLC now owns 82,203 shares of the company’s stock worth $4,153,000 after acquiring an additional 3,291 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Archer Daniels Midland by 5.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 211,475 shares of the company’s stock worth $10,684,000 after acquiring an additional 11,817 shares during the last quarter. Horizon Investments LLC lifted its holdings in shares of Archer Daniels Midland by 3.5% in the 4th quarter. Horizon Investments LLC now owns 8,529 shares of the company’s stock worth $431,000 after acquiring an additional 285 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Archer Daniels Midland in the 4th quarter worth about $821,000. Finally, Xponance Inc. lifted its holdings in shares of Archer Daniels Midland by 3.4% in the 4th quarter. Xponance Inc. now owns 133,947 shares of the company’s stock worth $6,767,000 after acquiring an additional 4,427 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

Shares of ADM traded up $0.57 during trading hours on Friday, hitting $54.11. The stock had a trading volume of 361,785 shares, compared to its average volume of 4,063,838. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38. The firm has a 50-day moving average price of $51.26 and a 200 day moving average price of $49.05. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $64.92. The firm has a market capitalization of $25.99 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 3.01 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADMGet Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 EPS. As a group, research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The firm 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 3.77%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland’s payout ratio is 72.86%.

Analyst Ratings Changes

ADM has been the subject of several analyst reports. Bank of America lowered shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. UBS Group upgraded shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Barclays raised their price target on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 2nd. Finally, Citigroup reduced their price target on shares of Archer Daniels Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.25.

Check Out Our Latest Analysis on ADM

Archer Daniels Midland Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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