Wealth Effects LLC Buys New Position in Archer Daniels Midland Company (NYSE:ADM)

Wealth Effects LLC purchased a new stake in Archer Daniels Midland Company (NYSE:ADM) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,300 shares of the company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Archer Daniels Midland during the 4th quarter worth approximately $25,000. S.A. Mason LLC bought a new position in shares of Archer Daniels Midland during the 1st quarter worth approximately $25,000. CoreFirst Bank & Trust bought a new position in shares of Archer Daniels Midland during the 4th quarter worth approximately $30,000. ORG Partners LLC boosted its holdings in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company’s stock worth $34,000 after buying an additional 523 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Archer Daniels Midland during the 4th quarter worth approximately $35,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Performance

Shares of ADM stock opened at $52.34 on Thursday. The firm has a market capitalization of $25.15 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 2.94 and a beta of 0.67. The firm has a fifty day simple moving average of $49.28 and a two-hundred day simple moving average of $48.72. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The firm had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. During the same quarter in the prior year, the business posted $1.46 EPS. The business’s revenue was down 7.7% compared to the same quarter last year. Analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a $0.51 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.90%. Archer Daniels Midland’s payout ratio is 72.86%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ADM shares. Citigroup cut their price target on Archer Daniels Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. UBS Group upgraded Archer Daniels Midland from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Finally, Bank of America lowered shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland presently has an average rating of “Hold” and an average target price of $52.00.

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.