Atomi Financial Group Inc. Boosts Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Atomi Financial Group Inc. boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 74.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,494 shares of the company’s stock after buying an additional 2,347 shares during the period. Atomi Financial Group Inc.’s holdings in Archer-Daniels-Midland were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADM. Cherry Tree Wealth Management LLC bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter valued at $27,000. Rise Advisors LLC purchased a new position in Archer-Daniels-Midland during the 1st quarter valued at about $34,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Archer-Daniels-Midland during the first quarter valued at about $34,000. EdgeRock Capital LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at about $35,000. Finally, Sachetta LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at about $38,000. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup lowered their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and an average price target of $67.43.

Archer-Daniels-Midland Trading Down 0.7 %

Shares of NYSE ADM traded down $0.45 during trading hours on Monday, hitting $63.83. The company’s stock had a trading volume of 1,236,949 shares, compared to its average volume of 5,205,115. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. The stock has a market cap of $31.56 billion, a price-to-earnings ratio of 11.21 and a beta of 0.74. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30. The business has a 50-day simple moving average of $61.46 and a 200-day simple moving average of $60.52.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The business had revenue of $21.85 billion during the quarter, compared to analyst estimates of $22.26 billion. During the same period last year, the business posted $2.09 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, analysts anticipate that Archer-Daniels-Midland Company will post 5.56 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. Archer-Daniels-Midland’s payout ratio is 35.09%.

Insider Activity

In other news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the transaction, the insider now directly owns 8,555 shares in the company, valued at $519,545.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

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.