Archer Daniels Midland Company (ADM) Position Increased by Wells Fargo & Company MN

Archer Daniels Midland Company (ADM) Position Increased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,998,156 shares of the company’s stock after buying an additional 37,013 shares during the period. Wells Fargo & Company MN owned about 0.35% of Archer Daniels Midland Company worth $91,996,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Mosaic Family Wealth LLC increased its stake in shares of Archer Daniels Midland Company by 7.0% in the third quarter. Mosaic Family Wealth LLC now owns 2,841 shares of the company’s stock valued at $120,000 after buying an additional 187 shares in the last quarter. Ledyard National Bank purchased a new stake in shares of Archer Daniels Midland Company during the first quarter valued at approximately $120,000. Zions Bancorporation increased its position in shares of Archer Daniels Midland Company by 2.6% in the fourth quarter. Zions Bancorporation now owns 2,916 shares of the company’s stock valued at $133,000 after buying an additional 73 shares during the period. Whittier Trust Co. increased its position in shares of Archer Daniels Midland Company by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock valued at $146,000 after buying an additional 2,932 shares during the period. Finally, SRB Corp increased its position in shares of Archer Daniels Midland Company by 3.9% in the third quarter. SRB Corp now owns 3,605 shares of the company’s stock valued at $152,000 after buying an additional 135 shares during the period. Institutional investors own 73.05% of the company’s stock.

Archer Daniels Midland Company (NYSE:ADM) traded up 0.07% on Friday, reaching $42.43. 3,244,159 shares of the company’s stock were exchanged. Archer Daniels Midland Company has a 52 week low of $37.00 and a 52 week high of $47.88. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 19.64 and a beta of 0.90. The stock’s 50 day moving average is $44.90 and its 200 day moving average is $44.70.

Archer Daniels Midland Company (NYSE:ADM) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. Archer Daniels Midland Company had a net margin of 2.05% and a return on equity of 7.19%. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.15 billion. During the same period in the previous year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Archer Daniels Midland Company will post $2.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Tuesday, May 16th. Archer Daniels Midland Company’s payout ratio is 55.05%.

Several research analysts recently issued reports on the stock. Credit Suisse Group AG set a $46.00 price target on shares of Archer Daniels Midland Company and gave the stock a “hold” rating in a research report on Wednesday, March 1st. BMO Capital Markets downgraded shares of Archer Daniels Midland Company from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $51.00 to $48.00 in a research report on Friday, January 6th. Stifel Nicolaus reduced their price target on shares of Archer Daniels Midland Company from $46.00 to $45.00 and set a “hold” rating on the stock in a research report on Tuesday, April 4th. Vetr upgraded shares of Archer Daniels Midland Company from a “hold” rating to a “buy” rating and set a $46.73 price target on the stock in a research report on Monday, January 23rd. Finally, Zacks Investment Research downgraded shares of Archer Daniels Midland Company from a “buy” rating to a “hold” rating in a research report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Archer Daniels Midland Company currently has a consensus rating of “Hold” and an average target price of $47.27.

In other news, insider Joseph D. Taets sold 13,319 shares of Archer Daniels Midland Company stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $47.02, for a total transaction of $626,259.38. Following the sale, the insider now directly owns 163,909 shares of the company’s stock, valued at $7,707,001.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.15% of the company’s stock.

Archer Daniels Midland Company Company Profile

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