Advisory Alpha LLC Increases Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Advisory Alpha LLC boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 4.9% in the first quarter, Holdings Channel.com reports. The fund owned 7,883 shares of the company’s stock after buying an additional 367 shares during the quarter. Advisory Alpha LLC’s holdings in Archer-Daniels-Midland were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADM. Geneos Wealth Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 13.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,803 shares of the company’s stock valued at $113,000 after buying an additional 218 shares during the last quarter. Csenge Advisory Group raised its holdings in shares of Archer-Daniels-Midland by 45.6% in the first quarter. Csenge Advisory Group now owns 17,855 shares of the company’s stock valued at $1,121,000 after buying an additional 5,591 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Archer-Daniels-Midland by 6.3% in the first quarter. Signaturefd LLC now owns 19,191 shares of the company’s stock valued at $1,205,000 after buying an additional 1,140 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $4,087,000. Finally, RIA Advisory Group LLC purchased a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $263,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the transaction, the insider now owns 8,555 shares of the company’s stock, valued at $519,545.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

ADM has been the subject of a number of research reports. Citigroup upped their target price on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Bank of America dropped their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded up $0.06 during trading hours on Friday, hitting $64.31. The company’s stock had a trading volume of 368,739 shares, compared to its average volume of 5,219,840. The business has a fifty day moving average of $61.36 and a 200-day moving average of $60.73. The stock has a market cap of $31.80 billion, a price-to-earnings ratio of 11.27 and a beta of 0.74. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.09 earnings per share. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.56 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Wednesday, May 15th. Archer-Daniels-Midland’s payout ratio is 35.09%.

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.