Global X Japan Co. Ltd. Acquires 2,780 Shares of Archer Daniels Midland Company (NYSE:ADM)

Global X Japan Co. Ltd. lifted its holdings in Archer Daniels Midland Company (NYSE:ADM) by 30.2% in the first quarter, HoldingsChannel.com reports. The fund owned 11,987 shares of the company’s stock after buying an additional 2,780 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Archer Daniels Midland were worth $575,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADM. Advisor OS LLC boosted its stake in Archer Daniels Midland by 4.9% in the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock worth $231,000 after purchasing an additional 212 shares during the period. Allworth Financial LP boosted its position in shares of Archer Daniels Midland by 9.6% during the fourth quarter. Allworth Financial LP now owns 2,648 shares of the company’s stock worth $134,000 after acquiring an additional 232 shares during the last quarter. Silver Coast Investments LLC boosted its position in shares of Archer Daniels Midland by 4.4% during the fourth quarter. Silver Coast Investments LLC now owns 5,608 shares of the company’s stock worth $283,000 after acquiring an additional 235 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock worth $38,000 after acquiring an additional 237 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company’s stock valued at $289,000 after purchasing an additional 239 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ADM shares. UBS Group raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and increased their price objective for the company from $55.00 to $60.00 in a report on Monday, May 19th. Bank of America lowered Archer Daniels Midland from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Citigroup dropped their price target on Archer Daniels Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Finally, Barclays lowered their target price on Archer Daniels Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Archer Daniels Midland presently has an average rating of “Hold” and a consensus price target of $52.00.

Archer Daniels Midland Stock Down 0.2%

Shares of NYSE:ADM opened at $54.00 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The company has a 50-day moving average price of $48.54 and a 200 day moving average price of $48.70. The company has a market cap of $25.95 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 3.01 and a beta of 0.67.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the company earned $1.46 EPS. As a group, equities research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 3.78%. Archer Daniels Midland’s dividend payout ratio 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.