Butensky & Cohen Financial Security Inc. Acquires 2,399 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Butensky & Cohen Financial Security Inc. increased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,954 shares of the company’s stock after purchasing an additional 2,399 shares during the quarter. Butensky & Cohen Financial Security Inc.’s holdings in Archer-Daniels-Midland were worth $3,022,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. DAVENPORT & Co LLC boosted its position in Archer-Daniels-Midland by 1.1% during the fourth quarter. DAVENPORT & Co LLC now owns 21,283 shares of the company’s stock valued at $1,075,000 after acquiring an additional 226 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter valued at $1,005,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Archer-Daniels-Midland by 1.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,500,871 shares of the company’s stock valued at $75,824,000 after acquiring an additional 28,372 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Archer-Daniels-Midland by 2.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,057 shares of the company’s stock valued at $2,680,000 after acquiring an additional 1,073 shares during the last quarter. Finally, Global X Japan Co. Ltd. boosted its position in Archer-Daniels-Midland by 36.7% during the fourth quarter. Global X Japan Co. Ltd. now owns 9,207 shares of the company’s stock valued at $465,000 after acquiring an additional 2,473 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ADM. Morgan Stanley cut their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. 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. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Barclays cut their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Finally, Citigroup cut their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $52.00.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $47.46 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08. The firm has a market cap of $22.80 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.54 and a beta of 0.67. The business’s fifty day moving average is $47.44 and its 200 day moving average is $48.84.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS. Research analysts predict 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 will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.30%. Archer-Daniels-Midland’s dividend payout ratio is currently 72.86%.

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.