Exeter Financial LLC Has $1.23 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Exeter Financial LLC raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 27.4% in the first quarter, HoldingsChannel reports. The fund owned 25,595 shares of the company’s stock after purchasing an additional 5,501 shares during the quarter. Exeter Financial LLC’s holdings in Archer-Daniels-Midland were worth $1,229,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ADM. Fairway Wealth LLC acquired a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $28,000. Crews Bank & Trust acquired a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $30,000. CoreFirst Bank & Trust acquired a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $30,000. Finally, Asset Planning Inc acquired a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

ADM has been the subject of a number of research reports. Citigroup reduced their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Morgan Stanley dropped their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $47.00 to $45.00 in a report on Thursday, May 8th. BMO Capital Markets dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Finally, Stephens dropped their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $52.00.

Archer-Daniels-Midland Stock Up 0.0%

ADM stock opened at $48.37 on Friday. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $47.44 and its 200-day moving average is $49.04. The firm has a market capitalization of $23.24 billion, a PE ratio of 13.40, a P/E/G ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company posted $1.46 earnings per share. Sell-side analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.22%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 72.86%.

Archer-Daniels-Midland Company Profile

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.