Waverly Advisors LLC Buys New Shares in Archer-Daniels-Midland Company (NYSE:ADM)

Waverly Advisors LLC bought a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 51,101 shares of the company's stock, valued at approximately $2,582,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ADM. Fairway Wealth LLC acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. increased its position in shares of Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after acquiring an additional 357 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $28,000. Crews Bank & Trust acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $30,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADM shares. Bank of America downgraded Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Morgan Stanley dropped their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. BMO Capital Markets dropped their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, UBS Group upgraded Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and upped their price objective for the company from $55.00 to $60.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $52.00.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $48.32 on Thursday. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The stock's 50 day moving average is $47.28 and its 200-day moving average is $49.24. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted 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 10.44% and a net margin of 2.10%. The company had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently declared 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. This represents a $2.04 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is currently 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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