Archer Daniels Midland Co (ADM) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. increased its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 32.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 264,276 shares of the company’s stock after purchasing an additional 65,246 shares during the period. Natixis Advisors L.P.’s holdings in Archer Daniels Midland were worth $11,461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Synovus Financial Corp acquired a new position in shares of Archer Daniels Midland during the 1st quarter worth about $104,000. Ffcm LLC lifted its position in shares of Archer Daniels Midland by 126.4% during the 4th quarter. Ffcm LLC now owns 2,551 shares of the company’s stock worth $102,000 after purchasing an additional 1,424 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Archer Daniels Midland by 188.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock worth $102,000 after purchasing an additional 1,668 shares during the last quarter. Signaturefd LLC acquired a new position in shares of Archer Daniels Midland during the 1st quarter worth about $112,000. Finally, G&S Capital LLC acquired a new position in shares of Archer Daniels Midland during the 4th quarter worth about $106,000. 75.73% of the stock is owned by institutional investors and hedge funds.

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In other news, insider Ambrose Michael D sold 20,762 shares of the company’s stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $45.00, for a total value of $934,290.00. Following the sale, the insider now directly owns 219,384 shares in the company, valued at approximately $9,872,280. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.70% of the company’s stock.

Several equities analysts recently weighed in on ADM shares. Zacks Investment Research cut Archer Daniels Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. Buckingham Research boosted their price objective on Archer Daniels Midland from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, April 9th. ValuEngine cut Archer Daniels Midland from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Vertical Group raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Thursday, February 15th. Finally, Citigroup boosted their price target on Archer Daniels Midland from $53.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.56.

Shares of Archer Daniels Midland opened at $44.55 on Friday, according to MarketBeat. Archer Daniels Midland Co has a 12-month low of $38.59 and a 12-month high of $46.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 1.57. The stock has a market cap of $24.91 billion, a P/E ratio of 17.68 and a beta of 1.01.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 1st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.21. Archer Daniels Midland had a return on equity of 7.96% and a net margin of 2.69%. The firm had revenue of $15.53 billion for the quarter, compared to analyst estimates of $15.35 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. analysts anticipate that Archer Daniels Midland Co will post 3.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Thursday, May 17th will be paid a $0.335 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $1.34 annualized dividend and a dividend yield of 3.01%. Archer Daniels Midland’s dividend payout ratio is currently 55.14%.

About Archer Daniels Midland

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

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