Allen Mooney & Barnes Investment Advisors LLC Has $1.11 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Allen Mooney & Barnes Investment Advisors LLC increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,102 shares of the company’s stock after acquiring an additional 421 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Archer-Daniels-Midland were worth $1,109,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. AustralianSuper Pty Ltd increased its holdings in shares of Archer-Daniels-Midland by 26.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock valued at $87,409,000 after acquiring an additional 360,844 shares in the last quarter. Amundi increased its stake in Archer-Daniels-Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock valued at $123,340,000 after purchasing an additional 894,562 shares in the last quarter. Hickory Point Bank & Trust acquired a new position in Archer-Daniels-Midland during the fourth quarter worth $1,217,000. Semanteon Capital Management LP bought a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at $614,000. Finally, Aigen Investment Management LP grew its holdings in shares of Archer-Daniels-Midland by 127.7% during the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock valued at $2,372,000 after buying an additional 26,329 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ADM shares. UBS Group upgraded shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and upped their target price for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Citigroup lowered their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Barclays cut their price target 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 cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Two equities 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $52.00.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $48.67 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The firm has a market cap of $23.38 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The firm’s 50-day simple moving average is $47.56 and its two-hundred day simple moving average is $48.74.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $22.05 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. Archer-Daniels-Midland’s revenue was down 7.7% on a year-over-year basis. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.19%. Archer-Daniels-Midland’s dividend payout ratio is presently 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.