Wealth Effects LLC Invests $302,000 in Archer Daniels Midland Company (NYSE:ADM)

Wealth Effects LLC acquired a new stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,300 shares of the company's stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new position in Archer Daniels Midland during the 4th quarter valued at $333,521,000. Wellington Management Group LLP raised its holdings in shares of Archer Daniels Midland by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after purchasing an additional 1,722,428 shares during the last quarter. Invesco Ltd. lifted its position in shares of Archer Daniels Midland by 24.8% during the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock valued at $361,007,000 after purchasing an additional 1,420,625 shares in the last quarter. Amundi boosted its holdings in Archer Daniels Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after purchasing an additional 894,562 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its position in Archer Daniels Midland by 56.8% in the 4th quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock worth $117,658,000 after purchasing an additional 843,662 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Citigroup cut their price objective 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. Finally, Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Two 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $52.00.

Archer Daniels Midland Stock Performance

NYSE ADM traded up $0.88 on Thursday, hitting $53.18. 3,598,224 shares of the stock traded hands, compared to its average volume of 3,524,678. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38. The business's fifty day moving average is $49.28 and its two-hundred day moving average is $48.72. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 2.94 and a beta of 0.67.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results 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 return on equity of 8.71% and a net margin of 1.63%. The company had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. During the same quarter in the prior year, the company earned $1.46 EPS. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio (DPR) is currently 72.86%.

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.