B. Riley Wealth Advisors Inc. Purchases 2,372 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

B. Riley Wealth Advisors Inc. boosted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,577 shares of the company’s stock after acquiring an additional 2,372 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $4,245,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise lifted its holdings in shares of Archer-Daniels-Midland by 83.7% in the first quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock valued at $1,879,000 after purchasing an additional 13,626 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Archer-Daniels-Midland by 14.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock worth $271,000 after buying an additional 462 shares during the period. Madison Asset Management LLC grew its position in shares of Archer-Daniels-Midland by 18.6% in the fourth quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock valued at $27,728,000 after purchasing an additional 60,313 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at about $1,942,000. Finally, Victory Capital Management Inc. lifted its stake in Archer-Daniels-Midland by 50.3% in the 4th quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock worth $29,946,000 after purchasing an additional 138,806 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock traded down $0.49 on Wednesday, hitting $62.01. 4,752,165 shares of the company’s stock were exchanged, compared to its average volume of 5,016,392. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. The stock has a market capitalization of $30.66 billion, a PE ratio of 10.85 and a beta of 0.74. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.29. The company has a 50-day simple moving average of $61.98 and a 200-day simple moving average of $59.88.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same period in the prior year, the company posted $1.89 EPS. The company’s quarterly revenue was down 11.7% on a year-over-year basis. As a group, equities analysts anticipate that Archer-Daniels-Midland Company will post 5.54 EPS for the current year.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the transaction, the insider now directly owns 8,555 shares of the company’s stock, valued at approximately $519,545.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ADM. JPMorgan Chase & Co. lifted their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup reduced their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $66.79.

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.