Archer-Daniels-Midland Company (NYSE:ADM) Holdings Increased by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC lifted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 16.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,272 shares of the company’s stock after purchasing an additional 318 shares during the period. ICA Group Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $181,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers grew its position in Archer-Daniels-Midland by 71.9% during the first quarter. Cetera Investment Advisers now owns 18,699 shares of the company’s stock valued at $1,688,000 after purchasing an additional 7,821 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $277,000. Brighton Jones LLC acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $226,000. Candriam Luxembourg S.C.A. lifted its stake in Archer-Daniels-Midland by 22.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 31,004 shares of the company’s stock valued at $2,798,000 after acquiring an additional 5,586 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Archer-Daniels-Midland by 2.1% in the first quarter. Baird Financial Group Inc. now owns 459,907 shares of the company’s stock valued at $41,512,000 after acquiring an additional 9,327 shares during the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $78.81 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.63. The company has a market capitalization of $42.25 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 1.71 and a beta of 0.83. The company’s 50 day moving average price is $81.74 and its two-hundred day moving average price is $78.38. Archer-Daniels-Midland Company has a 52 week low of $69.92 and a 52 week high of $98.28.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, July 25th. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.59 by $0.30. The firm had revenue of $25.19 billion for the quarter, compared to the consensus estimate of $25.82 billion. Archer-Daniels-Midland had a net margin of 4.14% and a return on equity of 17.52%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the company posted $2.15 EPS. On average, analysts expect that Archer-Daniels-Midland Company will post 7.19 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, August 15th. This represents a $1.80 annualized dividend and a yield of 2.28%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 24.03%.

Insiders Place Their Bets

In other news, insider Fruit Molly L. Strader sold 1,455 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $86.80, for a total value of $126,294.00. Following the sale, the insider now directly owns 10,809 shares in the company, valued at $938,221.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

ADM has been the subject of a number of analyst reports. Argus lifted their target price on shares of Archer-Daniels-Midland from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. StockNews.com assumed coverage on shares of Archer-Daniels-Midland in a research note on Thursday, August 17th. They set a “buy” rating for the company. Barclays cut their target price on shares of Archer-Daniels-Midland from $99.00 to $95.00 in a research note on Thursday, June 1st. Roth Mkm began coverage on shares of Archer-Daniels-Midland in a report on Thursday, June 22nd. They issued a “buy” rating and a $92.00 price target on the stock. Finally, Morgan Stanley boosted their price target on shares of Archer-Daniels-Midland from $83.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, July 31st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.50.

Archer-Daniels-Midland Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.