Csenge Advisory Group Acquires 5,591 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Csenge Advisory Group increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 45.6% during the first quarter, Holdings Channel.com reports. The fund owned 17,855 shares of the company’s stock after purchasing an additional 5,591 shares during the quarter. Csenge Advisory Group’s holdings in Archer-Daniels-Midland were worth $1,121,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ADM. Schroder Investment Management Group increased its holdings in Archer-Daniels-Midland by 3.1% in the 3rd quarter. Schroder Investment Management Group now owns 73,722 shares of the company’s stock valued at $5,560,000 after buying an additional 2,190 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Archer-Daniels-Midland by 27.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 33,754 shares of the company’s stock valued at $2,546,000 after purchasing an additional 7,247 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $337,000. Creative Planning boosted its stake in shares of Archer-Daniels-Midland by 7.9% in the 3rd quarter. Creative Planning now owns 71,928 shares of the company’s stock valued at $5,425,000 after purchasing an additional 5,262 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in shares of Archer-Daniels-Midland by 10.7% in the 3rd quarter. Diversified Trust Co now owns 15,977 shares of the company’s stock valued at $1,205,000 after purchasing an additional 1,540 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Trading Up 0.0 %

Shares of NYSE:ADM traded up $0.02 during mid-day trading on Thursday, hitting $64.25. The company had a trading volume of 1,676,276 shares, compared to its average volume of 5,244,090. The firm has a fifty day moving average price of $61.26 and a 200 day moving average price of $60.71. The company has a market capitalization of $31.77 billion, a PE ratio of 11.27 and a beta of 0.74. 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 $87.30.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. The business had revenue of $21.85 billion during the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. Archer-Daniels-Midland’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 EPS. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 5.56 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 3.11%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADM. Citigroup lifted their target price on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. BMO Capital Markets cut their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 13th. Jefferies Financial Group cut their target price on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, March 13th. Finally, Bank of America dropped their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.50.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the transaction, the insider now directly owns 8,555 shares of the company’s stock, valued at approximately $519,545.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Company 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.