Kingswood Wealth Advisors LLC Has $858,000 Stake in Archer Daniels Midland Company (NYSE:ADM)

Kingswood Wealth Advisors LLC grew its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 38.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,839 shares of the company's stock after purchasing an additional 4,958 shares during the period. Kingswood Wealth Advisors LLC's holdings in Archer Daniels Midland were worth $858,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Wolf Group Capital Advisors purchased a new stake in shares of Archer Daniels Midland during the first quarter valued at $245,000. Bell Bank raised its position in Archer Daniels Midland by 11.0% during the first quarter. Bell Bank now owns 167,536 shares of the company's stock valued at $8,043,000 after buying an additional 16,558 shares during the period. Bfsg LLC raised its position in Archer Daniels Midland by 5.5% during the first quarter. Bfsg LLC now owns 49,593 shares of the company's stock valued at $2,381,000 after buying an additional 2,568 shares during the period. Grove Bank & Trust raised its position in Archer Daniels Midland by 76.7% during the first quarter. Grove Bank & Trust now owns 1,221 shares of the company's stock valued at $59,000 after buying an additional 530 shares during the period. Finally, QRG Capital Management Inc. raised its position in Archer Daniels Midland by 1.3% during the first quarter. QRG Capital Management Inc. now owns 46,960 shares of the company's stock valued at $2,255,000 after buying an additional 580 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Down 0.7%

ADM stock traded down $0.36 during mid-day trading on Friday, hitting $53.63. The stock had a trading volume of 8,469,894 shares, compared to its average volume of 3,518,954. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a fifty day moving average of $48.89 and a 200 day moving average of $48.68. The stock has a market capitalization of $25.77 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 2.98 and a beta of 0.67.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS 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 analyst estimates of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 EPS. On average, equities analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio is 72.86%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citigroup dropped their price target on 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. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their price target for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Barclays dropped their price target on 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 given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $52.00.

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.