Arkadios Wealth Advisors Acquires New Holdings in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Arkadios Wealth Advisors has acquired a new stake in Archer Daniels Midland Company, purchasing 5,006 shares valued at approximately $240,000.
• Several institutional investors, including XTX Topco Ltd and Physicians Financial Services Inc., significantly increased their holdings in Archer Daniels Midland during the first quarter of 2023.
• Archer Daniels Midland's latest earnings report showed $21.17 billion in revenue with an , exceeding analyst expectations.

Arkadios Wealth Advisors bought a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,006 shares of the company's stock, valued at approximately $240,000.

Other hedge funds have also made changes to their positions in the company. XTX Topco Ltd grew its holdings in Archer Daniels Midland by 366.0% during the 1st quarter. XTX Topco Ltd now owns 52,053 shares of the company's stock worth $2,499,000 after acquiring an additional 40,883 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Archer Daniels Midland during the first quarter worth about $2,434,000. N.E.W. Advisory Services LLC acquired a new position in Archer Daniels Midland in the first quarter worth about $55,000. Physicians Financial Services Inc. increased its holdings in Archer Daniels Midland by 360.3% in the first quarter. Physicians Financial Services Inc. now owns 23,117 shares of the company's stock valued at $1,110,000 after buying an additional 18,095 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in Archer Daniels Midland by 5.4% during the first quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock valued at $207,000 after buying an additional 220 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer Daniels Midland Stock Performance

ADM traded up $1.10 during trading on Thursday, reaching $57.83. 3,942,852 shares of the company were exchanged, compared to its average volume of 3,116,255. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $62.61. The company has a current ratio of 1.42, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $53.15 and a 200 day moving average of $49.54. The stock has a market cap of $27.79 billion, a P/E ratio of 25.48, a PEG ratio of 3.19 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.88 by $0.05. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. On average, sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is 89.87%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $50.00 to $61.00 in a report on Wednesday. Citigroup dropped their target price on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price target for the company from $55.00 to $60.00 in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $51.86.

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.