Envestnet Asset Management Inc. Purchases 42,087 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Envestnet Asset Management Inc. grew its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 83.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,614 shares of the company's stock after buying an additional 42,087 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Archer-Daniels-Midland were worth $4,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ADM. West Financial Advisors LLC increased its holdings in shares of Archer-Daniels-Midland by 10.1% in the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock worth $111,000 after acquiring an additional 201 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Archer-Daniels-Midland by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock worth $109,000 after acquiring an additional 210 shares in the last quarter. Invesco LLC increased its holdings in shares of Archer-Daniels-Midland by 1.3% in the fourth quarter. Invesco LLC now owns 16,242 shares of the company's stock worth $821,000 after acquiring an additional 211 shares in the last quarter. Advisor OS LLC increased its holdings in shares of Archer-Daniels-Midland by 4.9% in the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after acquiring an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC increased its holdings in shares of Archer-Daniels-Midland by 2.8% in the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock worth $402,000 after acquiring an additional 216 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on ADM. Stephens decreased their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Bank of America upgraded Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and decreased their price objective for the stock from $48.00 to $47.00 in a report on Tuesday, April 15th. Morgan Stanley decreased their price objective 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. Finally, Barclays decreased their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $52.75.

Archer-Daniels-Midland Stock Down 0.4 %

NYSE ADM traded down $0.19 during trading hours on Monday, hitting $48.06. 2,095,185 shares of the company traded hands, compared to its average volume of 3,614,353. The business's 50-day moving average is $46.90 and its 200-day moving average is $50.07. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The stock has a market capitalization of $23.05 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. During the same period in the prior year, the firm posted $1.36 earnings per share. The business's quarterly revenue was down 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.24%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Archer-Daniels-Midland Company Profile

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.