Artemis Investment Management LLP Has $52.75 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Artemis Investment Management LLP grew its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 14.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 840,324 shares of the company’s stock after purchasing an additional 107,211 shares during the quarter. Artemis Investment Management LLP owned about 0.17% of Archer-Daniels-Midland worth $52,753,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Jeppson Wealth Management LLC increased its position in shares of Archer-Daniels-Midland by 3.3% during the 4th quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock worth $342,000 after purchasing an additional 151 shares during the last quarter. NBC Securities Inc. boosted its stake in shares of Archer-Daniels-Midland by 9.6% during the 1st quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock worth $114,000 after acquiring an additional 159 shares during the period. CHICAGO TRUST Co NA raised its stake in Archer-Daniels-Midland by 4.4% in the 1st quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock valued at $264,000 after acquiring an additional 177 shares during the period. Modera Wealth Management LLC raised its stake in Archer-Daniels-Midland by 3.9% in the 3rd quarter. Modera Wealth Management LLC now owns 4,883 shares of the company’s stock valued at $368,000 after acquiring an additional 182 shares during the period. Finally, Signaturefd LLC raised its stake in Archer-Daniels-Midland by 1.0% in the 4th quarter. Signaturefd LLC now owns 18,051 shares of the company’s stock valued at $1,304,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of research analyst reports. Bank of America dropped their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Jefferies Financial Group reduced their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. BMO Capital Markets reduced their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Finally, Citigroup raised their price objective on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Stock Down 0.3 %

Archer-Daniels-Midland stock traded down $0.16 during mid-day trading on Friday, reaching $60.45. The stock had a trading volume of 11,628,427 shares, compared to its average volume of 5,367,933. The firm has a market capitalization of $29.89 billion, a PE ratio of 10.61 and a beta of 0.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30. The stock’s 50-day simple moving average is $61.02 and its 200-day simple moving average is $61.51.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.11. The company had revenue of $21.85 billion for the quarter, compared to analysts’ expectations of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. Archer-Daniels-Midland’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.09 earnings per share. On average, sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.62 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the sale, the insider now directly owns 8,555 shares in the company, valued at $519,545.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

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.