Revisor Wealth Management LLC Makes New Investment in Archer Daniels Midland Company (NYSE:ADM)

Revisor Wealth Management LLC bought a new position in Archer Daniels Midland Company (NYSE:ADM - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,458 shares of the company's stock, valued at approximately $310,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairway Wealth LLC acquired a new position in Archer Daniels Midland in the 4th quarter worth about $25,000. S.A. Mason LLC acquired a new position in Archer Daniels Midland in the 1st quarter worth about $25,000. CoreFirst Bank & Trust acquired a new position in Archer Daniels Midland in the 4th quarter worth about $30,000. ORG Partners LLC grew its position in shares of Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after buying an additional 523 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Archer Daniels Midland in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays upped their price target on Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research report on Wednesday. UBS Group upgraded 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 reduced their price target for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Citigroup reduced 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland currently has a consensus rating of "Hold" and a consensus target price of $52.25.

Archer Daniels Midland Trading Down 1.8%

Shares of Archer Daniels Midland stock traded down $1.01 on Friday, hitting $54.90. 2,259,865 shares of the company's stock traded hands, compared to its average volume of 3,517,955. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. The company has a fifty day moving average of $50.09 and a two-hundred day moving average of $48.80. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 3.07 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The company had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same quarter in the prior year, the company earned $1.46 EPS. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, sell-side analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 3.72%. Archer Daniels Midland's payout ratio is currently 72.86%.

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.