Gateway Investment Advisers LLC Has $1.33 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Gateway Investment Advisers LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 19.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 27,752 shares of the company’s stock after buying an additional 4,516 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Archer-Daniels-Midland were worth $1,332,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth about $25,000. Stonebridge Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth about $28,000. CoreFirst Bank & Trust acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth about $30,000. Asset Planning Inc acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth about $31,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

ADM has been the subject of a number of research reports. UBS Group upgraded shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Citigroup dropped their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Bank of America downgraded shares of 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 report on Thursday, May 8th. Finally, Barclays dropped their price target on shares of 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 given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus price target of $52.00.

Archer-Daniels-Midland Stock Up 1.0%

NYSE ADM opened at $47.46 on Monday. The company has a 50 day moving average of $47.44 and a 200-day moving average of $48.78. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.54 and a beta of 0.67. 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 Company has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analysts’ expectations of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share. On average, equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

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 paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.30%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 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.