B. Riley Wealth Advisors Inc. trimmed its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 44.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,104 shares of the company's stock after selling 32,879 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Archer-Daniels-Midland were worth $2,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the stock. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland in the fourth quarter worth approximately $25,000. Stonebridge Financial Group LLC bought a new stake in Archer-Daniels-Midland in the fourth quarter worth approximately $28,000. Crews Bank & Trust bought a new stake in Archer-Daniels-Midland in the fourth quarter worth approximately $30,000. CoreFirst Bank & Trust bought a new stake in Archer-Daniels-Midland in the fourth quarter worth approximately $30,000. Finally, Asset Planning Inc bought a new stake in Archer-Daniels-Midland in the fourth quarter worth approximately $31,000. 78.28% of the stock is currently owned by institutional investors.
Archer-Daniels-Midland Stock Down 0.2%
Shares of NYSE:ADM traded down $0.11 during mid-day trading on Friday, hitting $48.26. 4,963,034 shares of the company traded hands, compared to its average volume of 3,539,371. The stock has a market cap of $23.19 billion, a P/E ratio of 13.37, a P/E/G ratio of 1.54 and a beta of 0.69. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The stock has a 50-day moving average price of $47.48 and a two-hundred day moving average price of $49.00.
Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The business's revenue was down 7.7% on a year-over-year basis. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.
Archer-Daniels-Midland Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.23%. Archer-Daniels-Midland's dividend payout ratio is currently 72.86%.
Analyst Ratings Changes
A number of equities research analysts have commented on ADM shares. Bank of America cut Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Barclays reduced their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Monday, February 24th. UBS Group raised Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and raised their price objective for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Morgan Stanley reduced their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $52.00.
Get Our Latest Stock Analysis on ADM
About Archer-Daniels-Midland
(
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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