IHT Wealth Management LLC boosted its position in Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) by 8.8% in the third quarter, Holdings Channel.com reports. The firm owned 13,847 shares of the company’s stock after buying an additional 1,118 shares during the quarter. IHT Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $1,114,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in ADM. Creative Financial Designs Inc. ADV lifted its position in shares of Archer-Daniels-Midland by 10.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,215 shares of the company’s stock valued at $98,000 after buying an additional 110 shares in the last quarter. Evoke Wealth LLC lifted its position in shares of Archer-Daniels-Midland by 13.2% during the 3rd quarter. Evoke Wealth LLC now owns 953 shares of the company’s stock valued at $77,000 after buying an additional 111 shares in the last quarter. Bangor Savings Bank lifted its position in shares of Archer-Daniels-Midland by 0.6% during the 3rd quarter. Bangor Savings Bank now owns 19,603 shares of the company’s stock valued at $1,577,000 after buying an additional 119 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Archer-Daniels-Midland by 8.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,629 shares of the company’s stock valued at $131,000 after buying an additional 121 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its position in shares of Archer-Daniels-Midland by 2.3% during the 3rd quarter. Contravisory Investment Management Inc. now owns 5,346 shares of the company’s stock valued at $430,000 after buying an additional 122 shares in the last quarter. Institutional investors own 78.23% of the company’s stock.
Analyst Upgrades and Downgrades
ADM has been the topic of several recent analyst reports. UBS Group initiated coverage on Archer-Daniels-Midland in a research note on Tuesday, December 13th. They set a “buy” rating and a $115.00 target price on the stock. StockNews.com initiated coverage on Archer-Daniels-Midland in a research note on Thursday. They set a “buy” rating on the stock. Finally, Stifel Nicolaus lifted their target price on Archer-Daniels-Midland from $114.00 to $116.00 in a research note on Tuesday, January 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.71.
Archer-Daniels-Midland Stock Performance
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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.29. Archer-Daniels-Midland had a return on equity of 18.32% and a net margin of 4.26%. The business had revenue of $26.23 billion for the quarter, compared to the consensus estimate of $25.37 billion. During the same quarter in the previous year, the company posted $1.50 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. As a group, equities analysts anticipate that Archer-Daniels-Midland Company will post 6.74 earnings per share for the current fiscal year.
Archer-Daniels-Midland Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 2nd. Stockholders of record on Thursday, February 9th were issued a $0.45 dividend. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, February 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.35%. Archer-Daniels-Midland’s payout ratio is 23.35%.
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.
- Get a free copy of the StockNews.com research report on Archer-Daniels-Midland (ADM)
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