Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC lowered its position in Archer-Daniels-Midland Company (NYSE:ADM) by 36.4% during the fourth quarter, HoldingsChannel reports. The firm owned 11,215 shares of the company’s stock after selling 6,429 shares during the period. Western Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $567,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fairway Wealth LLC purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. increased its stake in shares of Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Archer-Daniels-Midland during the 4th quarter worth $28,000. Crews Bank & Trust acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at about $30,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on ADM. Barclays reduced their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Citigroup lowered their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. UBS Group raised Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and upped their price target for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Stephens lowered their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.00.

Archer-Daniels-Midland Stock Up 0.1%

NYSE:ADM opened at $47.99 on Friday. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The stock’s fifty day moving average is $47.28 and its two-hundred day moving average is $49.16. The stock has a market capitalization of $23.06 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. Research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland’s payout ratio is 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.