Gateway Investment Advisers LLC Buys 4,516 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Gateway Investment Advisers LLC increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 19.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,752 shares of the company’s stock after purchasing an additional 4,516 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Archer-Daniels-Midland were worth $1,332,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ADM. Fairway Wealth LLC acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $28,000. CoreFirst Bank & Trust acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $30,000. Asset Planning Inc acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $31,000. Finally, OFI Invest Asset Management acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $35,000. 78.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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 report on Tuesday, April 15th. UBS Group upgraded shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Morgan Stanley cut 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 report on Tuesday, February 11th. Barclays cut their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Finally, Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.00.

Archer-Daniels-Midland Stock Up 1.0%

Archer-Daniels-Midland stock opened at $47.46 on Monday. The company has a market cap of $22.80 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a fifty day simple moving average of $47.44 and a 200 day simple moving average of $48.78. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. During the same quarter last year, the firm posted $1.46 EPS. The company’s quarterly revenue was down 7.7% on a year-over-year basis. Research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 72.86%.

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.