Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Raised by State of Wyoming

State of Wyoming raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 135.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,371 shares of the company’s stock after purchasing an additional 4,240 shares during the period. State of Wyoming’s holdings in Archer-Daniels-Midland were worth $372,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Hantz Financial Services Inc. grew its position in shares of Archer-Daniels-Midland by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $109,000 after buying an additional 210 shares during the last quarter. Invesco LLC grew its position in shares of Archer-Daniels-Midland by 1.3% during the 4th quarter. Invesco LLC now owns 16,242 shares of the company’s stock valued at $821,000 after buying an additional 211 shares during the last quarter. Advisor OS LLC grew its position in shares of Archer-Daniels-Midland by 4.9% during the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after buying an additional 212 shares during the last quarter. Advisory Alpha LLC grew its position in shares of Archer-Daniels-Midland by 2.8% during the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock valued at $402,000 after buying an additional 216 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its position in shares of Archer-Daniels-Midland by 1.1% during the 4th quarter. DAVENPORT & Co LLC now owns 21,283 shares of the company’s stock valued at $1,075,000 after buying an additional 226 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

ADM has been the subject of a number of recent research reports. 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. Morgan Stanley lowered their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. UBS Group raised shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $60.00 in a research report on Monday. Finally, Stephens reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $52.00.

Archer-Daniels-Midland Trading Up 0.4%

Archer-Daniels-Midland stock opened at $50.20 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $47.26 and a two-hundred day moving average price of $49.25. The firm has a market capitalization of $24.12 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results 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. The company had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 EPS. Sell-side analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 72.86%.

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.