MassMutual Private Wealth & Trust FSB Acquires 359 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

MassMutual Private Wealth & Trust FSB boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 22.5% in the 1st quarter, HoldingsChannel reports. The firm owned 1,958 shares of the company’s stock after purchasing an additional 359 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Archer-Daniels-Midland were worth $94,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AustralianSuper Pty Ltd boosted its stake in Archer-Daniels-Midland by 26.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock worth $87,409,000 after purchasing an additional 360,844 shares during the period. Amundi grew its position in shares of Archer-Daniels-Midland by 56.7% during the fourth 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 purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at about $1,217,000. Semanteon Capital Management LP purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at about $614,000. Finally, Aigen Investment Management LP grew its position 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 purchasing an additional 26,329 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $48.26 on Monday. The firm has a market capitalization of $23.19 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company’s fifty day moving average price is $47.48 and its 200-day moving average price is $48.98.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share 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 firm had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same period in the previous year, the company earned $1.46 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.23%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland’s payout ratio is 72.86%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. UBS Group upgraded Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Barclays dropped their price target 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. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley decreased their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Finally, Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and an average price target of $52.00.

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.