SeaCrest Wealth Management LLC Has $532,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

SeaCrest Wealth Management LLC decreased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,090 shares of the company’s stock after selling 483 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $532,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Procyon Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter worth approximately $725,000. Curat Global LLC acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter worth approximately $130,000. Vest Financial LLC increased its position in shares of Archer-Daniels-Midland by 37.1% during the 1st quarter. Vest Financial LLC now owns 1,376,946 shares of the company’s stock worth $66,107,000 after purchasing an additional 372,368 shares during the last quarter. Naples Global Advisors LLC increased its position in shares of Archer-Daniels-Midland by 8.5% during the 1st quarter. Naples Global Advisors LLC now owns 19,631 shares of the company’s stock worth $942,000 after purchasing an additional 1,541 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its position in shares of Archer-Daniels-Midland by 14,683.3% during the 1st quarter. Whipplewood Advisors LLC now owns 8,870 shares of the company’s stock worth $426,000 after purchasing an additional 8,810 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of recent analyst reports. Morgan Stanley decreased 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 decreased their target price for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. UBS Group raised Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Finally, Citigroup decreased their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average target price of $52.00.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $47.46 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The stock’s fifty day moving average price is $47.44 and its two-hundred day moving average price is $48.81. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08. The firm has a market cap of $22.80 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same period in the prior year, the firm posted $1.46 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.30%. Archer-Daniels-Midland’s payout ratio is 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.