Wolf Group Capital Advisors Takes $245,000 Position in Archer Daniels Midland Company (NYSE:ADM)

Wolf Group Capital Advisors acquired a new stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,113 shares of the company's stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisor OS LLC lifted its position in Archer Daniels Midland by 4.9% during the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after purchasing an additional 212 shares during the period. Allworth Financial LP lifted its position in Archer Daniels Midland by 9.6% during 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 period. Silver Coast Investments LLC lifted its holdings in shares of Archer Daniels Midland by 4.4% in the 4th 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. Capital Advisors Ltd. LLC lifted its holdings in shares of Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after buying an additional 237 shares during the period. Finally, Sagespring Wealth Partners LLC lifted its holdings in shares of Archer Daniels Midland by 4.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after buying an additional 239 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Price Performance

Shares of ADM stock traded down $0.36 during trading hours on Friday, hitting $53.63. 8,469,894 shares of the company's stock were exchanged, compared to its average volume of 3,518,954. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $48.89 and a two-hundred day moving average of $48.68. The firm has a market cap of $25.77 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.98 and a beta of 0.67. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08.

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

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.51 per share. 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 3.80%. Archer Daniels Midland's payout ratio is currently 72.86%.

Wall Street Analysts Forecast Growth

ADM has been the subject of a number of analyst reports. Barclays decreased their price target on Archer Daniels Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Citigroup decreased their target price on shares of 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. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their target price for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock 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 given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland presently has an average rating of "Hold" and an average price target of $52.00.

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.