Advisory Alpha LLC Boosts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Advisory Alpha LLC lifted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 4.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,883 shares of the company’s stock after purchasing an additional 367 shares during the quarter. Advisory Alpha LLC’s holdings in Archer-Daniels-Midland were worth $495,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC bought a new position in Archer-Daniels-Midland during the 1st quarter valued at approximately $27,000. Tompkins Financial Corp bought a new position in Archer-Daniels-Midland during the 3rd quarter valued at approximately $28,000. Rise Advisors LLC bought a new position in Archer-Daniels-Midland during the 1st quarter valued at approximately $34,000. BOK Financial Private Wealth Inc. bought a new position in shares of Archer-Daniels-Midland in the 1st quarter worth approximately $34,000. Finally, EdgeRock Capital LLC bought a new position in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $35,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Trading Up 0.1 %

Shares of NYSE:ADM traded up $0.06 during trading hours on Friday, hitting $64.31. 368,739 shares of the company’s stock traded hands, compared to its average volume of 5,219,840. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88. The firm has a market capitalization of $31.80 billion, a P/E ratio of 11.27 and a beta of 0.74. The business has a fifty day moving average price of $61.36 and a 200-day moving average price of $60.73. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The company had revenue of $21.85 billion for the quarter, compared to analysts’ expectations of $22.26 billion. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Archer-Daniels-Midland’s revenue was down 9.2% compared to the same quarter last year. Equities analysts expect that Archer-Daniels-Midland Company will post 5.56 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were issued 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 is currently 35.09%.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the sale, the insider now owns 8,555 shares in the company, valued at $519,545.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

ADM has been the topic of several recent analyst reports. Bank of America cut their target price on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Citigroup raised their target price on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus target price of $67.50.

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.