Atria Wealth Solutions Inc. Buys 3,791 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Atria Wealth Solutions Inc. raised its stake in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 18.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 23,932 shares of the company’s stock after buying an additional 3,791 shares during the period. Atria Wealth Solutions Inc.’s holdings in Archer-Daniels-Midland were worth $1,805,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Sowell Financial Services LLC raised its stake in shares of Archer-Daniels-Midland by 97.0% during the 3rd quarter. Sowell Financial Services LLC now owns 22,725 shares of the company’s stock valued at $1,714,000 after buying an additional 11,191 shares during the last quarter. Spire Wealth Management grew its position in shares of Archer-Daniels-Midland by 17.4% during the 3rd quarter. Spire Wealth Management now owns 2,956 shares of the company’s stock valued at $223,000 after acquiring an additional 439 shares during the period. First Command Advisory Services Inc. acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $224,000. PGGM Investments grew its position in shares of Archer-Daniels-Midland by 10.9% during the 3rd quarter. PGGM Investments now owns 394,192 shares of the company’s stock valued at $29,730,000 after acquiring an additional 38,689 shares during the period. Finally, Banco Santander S.A. acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $7,979,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Roth Capital cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Stifel Nicolaus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating and dropped their target price for the company from $116.00 to $56.00 in a research report on Monday, January 22nd. StockNews.com cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Roth Mkm cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $98.00 to $66.00 in a report on Monday, January 22nd. Finally, UBS Group reiterated a “neutral” rating and issued a $51.00 price objective (down from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus target price of $67.08.

Get Our Latest Report on ADM

Archer-Daniels-Midland Trading Up 0.7 %

Shares of Archer-Daniels-Midland stock opened at $53.05 on Friday. The stock has a market cap of $28.30 billion, a P/E ratio of 7.39 and a beta of 0.76. The stock’s 50 day simple moving average is $66.51 and its 200-day simple moving average is $73.56. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $87.30. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.69 and a quick ratio of 1.07.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.50 per share. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Wednesday, February 7th. Archer-Daniels-Midland’s payout ratio is currently 27.86%.

Archer-Daniels-Midland Company Profile

(Free Report)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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

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