Atria Wealth Solutions Inc. Trims Stock Position in Archer Daniels Midland Company $ADM

Atria Wealth Solutions Inc. cut its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 49.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,870 shares of the company’s stock after selling 4,854 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Archer Daniels Midland were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ADM. GAMMA Investing LLC grew its stake in shares of Archer Daniels Midland by 52.8% during the 1st quarter. GAMMA Investing LLC now owns 11,222 shares of the company’s stock valued at $539,000 after acquiring an additional 3,880 shares during the period. SG Americas Securities LLC bought a new position in shares of Archer Daniels Midland during the 1st quarter valued at approximately $333,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Archer Daniels Midland by 0.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 53,303 shares of the company’s stock valued at $2,559,000 after acquiring an additional 343 shares during the period. Blue Trust Inc. grew its stake in shares of Archer Daniels Midland by 51.5% during the 1st quarter. Blue Trust Inc. now owns 4,589 shares of the company’s stock valued at $220,000 after acquiring an additional 1,559 shares during the period. Finally, Advisor Resource Council bought a new position in shares of Archer Daniels Midland during the 1st quarter valued at approximately $208,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $61.76 on Wednesday. The stock’s fifty day moving average is $61.51 and its 200 day moving average is $54.55. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $64.57. The firm has a market capitalization of $29.67 billion, a PE ratio of 27.21, a PEG ratio of 4.99 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Monday, December 2nd. The company reported $1.63 earnings per share for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $21.70 billion for the quarter. On average, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a $0.51 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 89.87%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group reiterated a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. Morgan Stanley upped their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.50.

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.