Steward Partners Investment Advisory LLC Increases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Steward Partners Investment Advisory LLC lifted its position in Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,040 shares of the company’s stock after buying an additional 675 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Archer-Daniels-Midland were worth $870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADM. WealthPlan Investment Management LLC raised its stake in Archer-Daniels-Midland by 46.6% in the third quarter. WealthPlan Investment Management LLC now owns 118,650 shares of the company’s stock valued at $8,949,000 after purchasing an additional 37,696 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $213,000. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $1,336,000. Spire Wealth Management raised its stake in Archer-Daniels-Midland by 17.4% in the third quarter. Spire Wealth Management now owns 2,956 shares of the company’s stock valued at $223,000 after purchasing an additional 439 shares in the last quarter. Finally, Sowell Financial Services LLC raised its stake in Archer-Daniels-Midland by 97.0% in the third quarter. Sowell Financial Services LLC now owns 22,725 shares of the company’s stock valued at $1,714,000 after purchasing an additional 11,191 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $61.80 on Wednesday. The stock has a market cap of $30.56 billion, a P/E ratio of 10.84 and a beta of 0.75. The firm’s fifty day simple moving average is $61.52 and its 200 day simple moving average is $62.90. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion for the quarter, compared to analysts’ expectations of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 earnings per share. As a group, research analysts predict that Archer-Daniels-Midland Company will post 5.61 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Archer-Daniels-Midland declared that its board has initiated a stock repurchase program on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to buy up to 6.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Citigroup increased their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group reduced their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, March 13th. Bank of America reduced their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Finally, TheStreet cut shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $67.50.

Read Our Latest Analysis on Archer-Daniels-Midland

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’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 transaction, the insider now owns 8,555 shares of the company’s stock, valued at $519,545.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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