Chancellor Financial Group WB LP Makes New Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Chancellor Financial Group WB LP bought a new position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,417 shares of the company's stock, valued at approximately $678,000.

Several other large investors have also made changes to their positions in ADM. Barclays PLC grew its holdings in shares of Archer-Daniels-Midland by 52.0% in the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company's stock worth $89,738,000 after purchasing an additional 514,005 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Archer-Daniels-Midland by 17.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,246 shares of the company's stock worth $113,000 after purchasing an additional 341 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Archer-Daniels-Midland by 11.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 5,734 shares of the company's stock worth $290,000 after purchasing an additional 609 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Archer-Daniels-Midland by 11.4% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 30,341 shares of the company's stock worth $1,533,000 after acquiring an additional 3,105 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Archer-Daniels-Midland by 33.2% during the 4th quarter. Blue Trust Inc. now owns 6,387 shares of the company's stock worth $323,000 after acquiring an additional 1,591 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Performance

ADM stock traded down $0.11 during midday trading on Friday, reaching $48.26. 4,963,034 shares of the company were exchanged, compared to its average volume of 3,558,960. 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 business has a 50-day moving average price of $47.44 and a two-hundred day moving average price of $49.04. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08. The firm has a market capitalization of $23.19 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69.

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 net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. During the same quarter in the prior year, the business posted $1.46 earnings per share. Archer-Daniels-Midland's revenue was down 7.7% compared to the same quarter last year. Equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be given a dividend of $0.51 per share. 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 72.86%.

Analysts Set New Price Targets

ADM has been the topic of a number of research analyst reports. Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Morgan Stanley decreased their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup cut 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 research report on Tuesday, April 15th. Finally, Barclays cut their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Two analysts have 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 an average rating of "Hold" and a consensus price target of $52.00.

Archer-Daniels-Midland 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.