Curat Global LLC Buys New Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Curat Global LLC bought a new stake in Archer-Daniels-Midland Company (NYSE:ADM) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,715 shares of the company’s stock, valued at approximately $130,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vest Financial LLC grew its holdings in shares of Archer-Daniels-Midland by 37.1% in the first quarter. Vest Financial LLC now owns 1,376,946 shares of the company’s stock valued at $66,107,000 after purchasing an additional 372,368 shares in the last quarter. Naples Global Advisors LLC boosted its stake in Archer-Daniels-Midland by 8.5% during the first quarter. Naples Global Advisors LLC now owns 19,631 shares of the company’s stock worth $942,000 after buying an additional 1,541 shares during the period. Whipplewood Advisors LLC boosted its stake in Archer-Daniels-Midland by 14,683.3% during the first quarter. Whipplewood Advisors LLC now owns 8,870 shares of the company’s stock worth $426,000 after buying an additional 8,810 shares during the period. Merit Financial Group LLC boosted its stake in Archer-Daniels-Midland by 52.2% during the first quarter. Merit Financial Group LLC now owns 8,134 shares of the company’s stock worth $391,000 after buying an additional 2,790 shares during the period. Finally, Sarasin & Partners LLP purchased a new position in Archer-Daniels-Midland during the first quarter worth $1,200,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Up 1.0%

NYSE:ADM opened at $47.46 on Friday. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The stock has a fifty day simple moving average of $47.44 and a 200-day simple moving average of $48.84. 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 released its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share 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 return on equity of 10.44% and a net margin of 2.10%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.30%. Archer-Daniels-Midland’s payout ratio is currently 72.86%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Morgan Stanley dropped 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. 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 research note on Thursday, May 8th. Citigroup dropped their price objective on shares of 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. UBS Group upgraded Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Finally, Barclays decreased 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 analysts have rated the stock with a sell rating, five have assigned 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 an average price target of $52.00.

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.