Williams Jones Wealth Management LLC. Acquires 1,999 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Williams Jones Wealth Management LLC. increased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 319,103 shares of the company’s stock after purchasing an additional 1,999 shares during the period. Williams Jones Wealth Management LLC.’s holdings in Archer-Daniels-Midland were worth $16,121,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Woodline Partners LP bought a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $1,451,000. Vident Advisory LLC grew its holdings in Archer-Daniels-Midland by 3.6% during the fourth quarter. Vident Advisory LLC now owns 24,470 shares of the company’s stock valued at $1,236,000 after purchasing an additional 861 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Archer-Daniels-Midland by 28.2% in the fourth quarter. Two Sigma Advisers LP now owns 457,800 shares of the company’s stock valued at $23,128,000 after purchasing an additional 100,800 shares during the period. State of Wyoming lifted its stake in shares of Archer-Daniels-Midland by 135.4% in the fourth quarter. State of Wyoming now owns 7,371 shares of the company’s stock worth $372,000 after buying an additional 4,240 shares during the last quarter. Finally, Thomist Capital Management LP boosted its holdings in shares of Archer-Daniels-Midland by 332.1% during the 4th quarter. Thomist Capital Management LP now owns 215,190 shares of the company’s stock worth $10,781,000 after buying an additional 165,390 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $50.00 on Tuesday. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08. The business has a fifty day simple moving average of $47.20 and a 200 day simple moving average of $49.24. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $20.18 billion during the quarter, compared to analysts’ expectations of $22.05 billion. During the same quarter in the prior year, the company posted $1.46 EPS. The business’s revenue was down 7.7% on a year-over-year basis. Sell-side analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland’s payout ratio is 72.86%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ADM shares. Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. UBS Group raised Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $60.00 in a research report on Monday. Barclays lowered 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. Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $52.00.

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.