J.W. Cole Advisors Inc. Has $1.98 Million Stake in Archer Daniels Midland Company (NYSE:ADM)

J.W. Cole Advisors Inc. increased its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 352.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 41,153 shares of the company's stock after purchasing an additional 32,050 shares during the period. J.W. Cole Advisors Inc.'s holdings in Archer Daniels Midland were worth $1,976,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Capital Advisors Ltd. LLC boosted its stake in shares of Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after buying an additional 237 shares during the period. Sagespring Wealth Partners LLC lifted its stake in shares of Archer Daniels Midland by 4.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after purchasing an additional 239 shares during the last quarter. Stolper Co lifted its stake in shares of Archer Daniels Midland by 0.8% in the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after purchasing an additional 275 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Archer Daniels Midland by 6.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock valued at $254,000 after purchasing an additional 326 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Archer Daniels Midland by 0.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 53,303 shares of the company's stock valued at $2,559,000 after purchasing an additional 343 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADM. Barclays lifted their price objective on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research note on Wednesday, July 2nd. Bank of America lowered shares of 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. Citigroup reduced their price objective on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $52.25.

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $54.16 on Tuesday. The company has a market cap of $26.02 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 3.04 and a beta of 0.69. The firm's 50-day moving average is $51.38 and its 200-day moving average is $49.06. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio is 72.86%.

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.

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