Concert Wealth Management Inc. acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,488 shares of the company’s stock, valued at approximately $205,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Garde Capital Inc. raised its position in Archer-Daniels-Midland Company by 28.5% in the third quarter. Garde Capital Inc. now owns 6,856 shares of the company’s stock valued at $284,000 after buying an additional 1,520 shares during the last quarter. ETRADE Capital Management LLC raised its stake in shares of Archer-Daniels-Midland Company by 4.9% in the third quarter. ETRADE Capital Management LLC now owns 52,482 shares of the company’s stock worth $2,213,000 after buying an additional 2,444 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Archer-Daniels-Midland Company by 2.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 8,132 shares of the company’s stock worth $372,000 after buying an additional 165 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Archer-Daniels-Midland Company by 6.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,542 shares of the company’s stock worth $801,000 after buying an additional 1,100 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Archer-Daniels-Midland Company by 2.2% in the fourth quarter. State Street Corp now owns 34,265,037 shares of the company’s stock worth $1,564,198,000 after buying an additional 725,386 shares in the last quarter. 72.82% of the stock is owned by institutional investors.
Archer-Daniels-Midland Company (NYSE:ADM) traded down 1.25% during midday trading on Tuesday, reaching $41.91. The company’s stock had a trading volume of 596,703 shares. Archer-Daniels-Midland Company has a 12-month low of $39.01 and a 12-month high of $47.88. The stock’s 50 day moving average is $42.21 and its 200 day moving average is $44.30. The stock has a market cap of $23.82 billion, a P/E ratio of 17.74 and a beta of 1.03.
Archer-Daniels-Midland Company (NYSE:ADM) last posted its earnings results on Tuesday, May 2nd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by $0.01. Archer-Daniels-Midland Company had a net margin of 2.21% and a return on equity of 7.88%. The business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.15 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Archer-Daniels-Midland Company will post $2.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 18th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Tuesday, May 16th. Archer-Daniels-Midland Company’s dividend payout ratio is currently 53.78%.
Several analysts recently weighed in on ADM shares. Argus downgraded Archer-Daniels-Midland Company from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Zacks Investment Research downgraded Archer-Daniels-Midland Company from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. Vetr upgraded Archer-Daniels-Midland Company from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective for the company in a report on Monday, May 22nd. Credit Suisse Group reiterated a “hold” rating and issued a $46.00 target price on shares of Archer-Daniels-Midland Company in a report on Friday, April 7th. Finally, Stifel Nicolaus reduced their target price on shares of Archer-Daniels-Midland Company from $46.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, April 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $46.97.
Archer-Daniels-Midland Company Company Profile
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