Wealthcare Advisory Partners LLC Makes New $276,000 Investment in Archer Daniels Midland Company $ADM

Key Points

• Wealthcare Advisory Partners LLC recently invested approximately $276,000 in Archer Daniels Midland Company, acquiring 5,239 shares as highlighted in their latest SEC filing.
• Institutional investors own 78.28% of Archer Daniels Midland's stock, demonstrating significant institutional confidence in the company.
• Archer Daniels Midland's most recent dividend was $0.51 per share, yielding 3.4%, with a high payout ratio of 89.87%.

Wealthcare Advisory Partners LLC acquired a new position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,239 shares of the company's stock, valued at approximately $276,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Handelsbanken Fonder AB acquired a new stake in Archer Daniels Midland during the 1st quarter worth about $1,183,000. Bell Bank grew its stake in Archer Daniels Midland by 11.0% during the 1st quarter. Bell Bank now owns 167,536 shares of the company's stock valued at $8,043,000 after acquiring an additional 16,558 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Archer Daniels Midland by 10.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company's stock valued at $26,863,000 after acquiring an additional 49,954 shares in the last quarter. SG Americas Securities LLC purchased a new position in Archer Daniels Midland during the 1st quarter valued at about $333,000. Finally, Perpetual Ltd purchased a new position in Archer Daniels Midland during the 2nd quarter valued at about $227,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on ADM. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a "neutral" rating and a $61.00 target price on the stock. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Morgan Stanley lifted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group reaffirmed a "buy" rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland currently has an average rating of "Hold" and an average price target of $55.50.

Archer Daniels Midland Stock Down 0.7%

Shares of Archer Daniels Midland stock opened at $60.86 on Friday. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.38. The stock has a market capitalization of $29.24 billion, a P/E ratio of 26.81, a PEG ratio of 3.27 and a beta of 0.70. The stock has a 50 day moving average price of $60.78 and a two-hundred day moving average price of $53.76. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $21.70 billion during the quarter. Equities analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. Archer Daniels Midland's payout ratio is 89.87%.

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.

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