apricus wealth LLC Acquires 14,575 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

apricus wealth LLC grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 35.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,201 shares of the company’s stock after acquiring an additional 14,575 shares during the period. Archer-Daniels-Midland comprises approximately 1.6% of apricus wealth LLC’s holdings, making the stock its 29th largest position. apricus wealth LLC’s holdings in Archer-Daniels-Midland were worth $2,650,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Capital Advisors Ltd. LLC grew its position in shares of Archer-Daniels-Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock valued at $38,000 after acquiring an additional 237 shares during the period. CX Institutional bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter valued at $61,000. Monarch Capital Management Inc. grew its position in shares of Archer-Daniels-Midland by 28.4% during the 1st quarter. Monarch Capital Management Inc. now owns 15,510 shares of the company’s stock valued at $745,000 after acquiring an additional 3,430 shares during the period. Sarasin & Partners LLP bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter valued at $1,200,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter valued at $1,183,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.2%

ADM opened at $48.67 on Thursday. The firm has a 50-day simple moving average of $47.56 and a two-hundred day simple moving average of $48.74. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The company has a market capitalization of $23.38 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

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

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 72.86%.

Analyst Ratings Changes

ADM has been the subject of a number of recent research reports. Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. UBS Group raised shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and upped their target price for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Citigroup dropped their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Finally, Barclays dropped their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.00.

About Archer-Daniels-Midland

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.