Whipplewood Advisors LLC Increases Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Whipplewood Advisors LLC boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 14,683.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,870 shares of the company's stock after purchasing an additional 8,810 shares during the quarter. Whipplewood Advisors LLC's holdings in Archer-Daniels-Midland were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ADM. Advisor OS LLC boosted its stake in Archer-Daniels-Midland by 4.9% in the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after acquiring an additional 212 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Archer-Daniels-Midland by 1.1% during the fourth quarter. DAVENPORT & Co LLC now owns 21,283 shares of the company's stock worth $1,075,000 after purchasing an additional 226 shares during the period. Allworth Financial LP increased its holdings in Archer-Daniels-Midland by 9.6% in the fourth quarter. Allworth Financial LP now owns 2,648 shares of the company's stock valued at $134,000 after purchasing an additional 232 shares during the last quarter. Silver Coast Investments LLC lifted its stake in Archer-Daniels-Midland by 4.4% in the fourth quarter. Silver Coast Investments LLC now owns 5,608 shares of the company's stock valued at $283,000 after buying an additional 235 shares during the period. Finally, Stolper Co boosted its holdings in Archer-Daniels-Midland by 0.8% during the first quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after buying an additional 275 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Barclays lowered their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. UBS Group raised Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and lifted their target price for the company from $55.00 to $60.00 in a research report on Monday, May 19th. BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Finally, Morgan Stanley cut their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $52.00.

Archer-Daniels-Midland Trading Down 0.6%

Shares of NYSE:ADM traded down $0.29 during trading on Thursday, reaching $46.96. The stock had a trading volume of 2,287,269 shares, compared to its average volume of 3,523,789. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The firm's fifty day moving average is $47.47 and its 200 day moving average is $48.92. The stock has a market cap of $22.56 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio 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.