Focus Partners Wealth Has $1.56 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Focus Partners Wealth trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 92.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,633 shares of the company’s stock after selling 373,420 shares during the quarter. Focus Partners Wealth’s holdings in Archer-Daniels-Midland were worth $1,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADM. Fairway Wealth LLC acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth about $25,000. Raleigh Capital Management Inc. boosted its holdings in shares of Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after buying an additional 357 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth about $28,000. Crews Bank & Trust acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth about $30,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth about $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

ADM stock opened at $50.15 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $24.09 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The firm has a 50 day moving average of $47.14 and a two-hundred day moving average of $49.35.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 earnings per share. As a group, equities analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.07%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio is 72.86%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Barclays lowered their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Stephens lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $52.50.

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.