Wealthfront Advisers LLC Boosts Stake in Archer Daniels Midland Company (NYSE:ADM)

Wealthfront Advisers LLC raised its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 39.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,975 shares of the company's stock after purchasing an additional 11,835 shares during the period. Wealthfront Advisers LLC's holdings in Archer Daniels Midland were worth $2,015,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. S.A. Mason LLC bought a new stake in shares of Archer Daniels Midland during the first quarter worth $25,000. CoreFirst Bank & Trust bought a new stake in shares of Archer Daniels Midland during the fourth quarter worth $30,000. ORG Partners LLC grew its stake in shares of Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after buying an additional 523 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Archer Daniels Midland during the first quarter worth $37,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after buying an additional 237 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Up 1.6%

Shares of ADM stock traded up $0.84 on Friday, reaching $54.38. 2,982,850 shares of the company were exchanged, compared to its average volume of 3,521,039. The company has a market cap of $26.13 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 3.04 and a beta of 0.69. The company has a 50-day moving average of $51.38 and a 200-day moving average of $49.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.39.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The company had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The business's revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 EPS. Analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors 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 dividend on an annualized basis and a dividend yield of 3.75%. Archer Daniels Midland's dividend payout ratio is presently 72.86%.

Analyst Ratings Changes

ADM has been the topic of several analyst reports. Citigroup reduced their price objective on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Barclays boosted their price objective on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 2nd. Finally, Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $52.25.

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.