Archer-Daniels-Midland Company (NYSE:ADM) Stake Raised by Arkadios Wealth Advisors

Posted by on Mar 22nd, 2023

Arkadios Wealth Advisors grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,508 shares of the company’s stock after buying an additional 374 shares during the period. Arkadios Wealth Advisors’ holdings in Archer-Daniels-Midland were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Archer-Daniels-Midland by 0.8% during the third quarter. Vanguard Group Inc. now owns 62,966,053 shares of the company’s stock valued at $5,065,619,000 after buying an additional 522,009 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Archer-Daniels-Midland by 0.9% in the third quarter. BlackRock Inc. now owns 44,149,903 shares of the company’s stock valued at $3,551,860,000 after acquiring an additional 385,172 shares in the last quarter. State Street Corp increased its stake in shares of Archer-Daniels-Midland by 2.5% during the second quarter. State Street Corp now owns 32,405,932 shares of the company’s stock valued at $2,514,700,000 after acquiring an additional 797,915 shares during the period. Northern Trust Corp boosted its stake in Archer-Daniels-Midland by 0.5% during the 2nd quarter. Northern Trust Corp now owns 13,673,309 shares of the company’s stock valued at $1,061,049,000 after purchasing an additional 73,156 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Archer-Daniels-Midland by 29.4% in the third quarter. Bank of New York Mellon Corp now owns 6,524,033 shares of the company’s stock valued at $524,856,000 after buying an additional 1,483,115 shares during the period. Institutional investors own 78.23% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $77.69 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.46 and a quick ratio of 0.85. The company has a market capitalization of $42.45 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 1.72 and a beta of 0.79. The business’s 50-day moving average is $81.86 and its 200-day moving average is $87.45. Archer-Daniels-Midland Company has a fifty-two week low of $70.02 and a fifty-two week high of $98.88.

Archer-Daniels-Midland (NYSE:ADM – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.29. The firm had revenue of $26.23 billion for the quarter, compared to analyst estimates of $25.37 billion. Archer-Daniels-Midland had a net margin of 4.26% and a return on equity of 18.32%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. Equities research analysts expect that Archer-Daniels-Midland Company will post 6.74 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 2nd. Investors of record on Thursday, February 9th were given a dividend of $0.45 per share. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, February 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.32%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 23.35%.

Analyst Upgrades and Downgrades

ADM has been the topic of several recent research reports. StockNews.com started coverage on shares of Archer-Daniels-Midland in a research note on Thursday, March 16th. They issued a “buy” rating on the stock. Stifel Nicolaus boosted their target price on Archer-Daniels-Midland from $114.00 to $116.00 in a research report on Tuesday, January 3rd. Finally, UBS Group began coverage on Archer-Daniels-Midland in a research note on Tuesday, December 13th. They issued a “buy” rating and a $115.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Archer-Daniels-Midland has an average rating of “Moderate Buy” and an average price target of $104.71.

About Archer-Daniels-Midland

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Archer-Daniels-Midland Co engages in the production of oilseeds, corn, wheat, cocoa, and other agricultural commodities. It operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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