Arete Wealth Advisors LLC Makes New $317,000 Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Arete Wealth Advisors LLC purchased a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,982 shares of the company’s stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ADM. Cetera Investment Advisers boosted its stake in shares of 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 acquiring an additional 7,821 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Archer-Daniels-Midland in the first quarter valued at $277,000. Brighton Jones LLC acquired a new position in Archer-Daniels-Midland in the first quarter valued at $226,000. Candriam Luxembourg S.C.A. increased 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 purchasing an additional 5,586 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings 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 institutional investors and hedge funds.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 1,455 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $86.80, for a total transaction of $126,294.00. Following the completion of the transaction, the insider now owns 10,809 shares of the company’s stock, valued at approximately $938,221.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

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

Archer-Daniels-Midland Price Performance

ADM opened at $79.35 on Monday. The stock has a market cap of $42.54 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.73 and a beta of 0.83. Archer-Daniels-Midland Company has a 1 year low of $69.92 and a 1 year high of $98.28. The company has a current ratio of 1.63, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $81.98 and a 200 day moving average price of $78.34.

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

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.27%. The ex-dividend date was Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is 24.03%.

About Archer-Daniels-Midland

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.