Atria Wealth Solutions Inc. Cuts Stock Position in Archer Daniels Midland Company (NYSE:ADM)

Atria Wealth Solutions Inc. lessened its position in Archer Daniels Midland Company (NYSE:ADM) by 8.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 9,724 shares of the company’s stock after selling 889 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Archer Daniels Midland were worth $467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ADM. Envestnet Asset Management Inc. raised its holdings in shares of Archer Daniels Midland by 83.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 92,614 shares of the company’s stock valued at $4,679,000 after buying an additional 42,087 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Archer Daniels Midland by 37.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 19,295 shares of the company’s stock worth $979,000 after buying an additional 5,303 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new stake in shares of Archer Daniels Midland during the fourth quarter worth approximately $292,000. XTX Topco Ltd raised its holdings in Archer Daniels Midland by 215.1% in the fourth quarter. XTX Topco Ltd now owns 11,170 shares of the company’s stock valued at $564,000 after acquiring an additional 7,625 shares in the last quarter. Finally, United Capital Financial Advisors LLC lifted its stake in Archer Daniels Midland by 11.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 16,968 shares of the company’s stock worth $857,000 after acquiring an additional 1,695 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ADM shares. Morgan Stanley increased their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group reissued a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday. Bank of America downgraded shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus target price of $54.71.

Archer Daniels Midland Trading Down 0.7%

ADM opened at $59.38 on Friday. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $62.61. The company has a market cap of $28.53 billion, a P/E ratio of 26.16, a PEG ratio of 3.18 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The business’s 50-day simple moving average is $54.27 and its 200-day simple moving average is $49.81.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. As a group, equities research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. Archer Daniels Midland’s dividend payout ratio is 89.87%.

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.