Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 83.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 92,614 shares of the company’s stock after purchasing an additional 42,087 shares during the period. Envestnet Asset Management Inc.’s holdings in Archer-Daniels-Midland were worth $4,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. grew its stake in shares of Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 357 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at approximately $28,000. ST Germain D J Co. Inc. lifted its stake in shares of Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after purchasing an additional 500 shares during the period. Finally, Crews Bank & Trust purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth $30,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $48.53 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $46.72 and its 200-day simple moving average is $50.38. The company has a market cap of $23.28 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 EPS. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

Analyst Ratings Changes

A number of research firms have weighed in on ADM. Citigroup cut their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. BMO Capital Markets cut their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley reduced their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Barclays dropped their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Finally, Bank of America raised Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and reduced their target price for the stock from $48.00 to $47.00 in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $52.75.

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.