Gamco Investors INC. ET AL Has $21.07 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Gamco Investors INC. ET AL grew its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 335,469 shares of the company’s stock after buying an additional 1,147 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.07% of Archer-Daniels-Midland worth $21,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter worth approximately $27,000. Crewe Advisors LLC bought a new stake in Archer-Daniels-Midland in the 1st quarter valued at $30,000. Rise Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter valued at $34,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter valued at $34,000. Finally, EdgeRock Capital LLC bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $35,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Citigroup cut their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and an average target price of $67.43.

Archer-Daniels-Midland Stock Up 1.0 %

ADM stock traded up $0.66 on Friday, reaching $63.98. 2,048,324 shares of the company traded hands, compared to its average volume of 3,101,253. The firm has a fifty day simple moving average of $61.91 and a 200-day simple moving average of $60.12. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.29. The company has a market cap of $31.63 billion, a P/E ratio of 11.22 and a beta of 0.74.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The company had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. During the same period in the previous year, the business earned $2.09 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 9.2% compared to the same quarter last year. Research analysts anticipate that Archer-Daniels-Midland Company will post 5.56 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Insider Transactions at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the sale, the insider now directly owns 8,555 shares of the company’s stock, valued at $519,545.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

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.