Sagespring Wealth Partners LLC Makes New $292,000 Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Sagespring Wealth Partners LLC acquired a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,784 shares of the company's stock, valued at approximately $292,000.

Several other hedge funds have also recently modified their holdings of ADM. XTX Topco Ltd bought a new stake in Archer-Daniels-Midland in the third quarter worth about $212,000. Barclays PLC raised its holdings in shares of Archer-Daniels-Midland by 52.0% in the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company's stock worth $89,738,000 after purchasing an additional 514,005 shares during the period. Invst LLC purchased a new position in Archer-Daniels-Midland in the third quarter valued at approximately $640,000. Virtu Financial LLC bought a new position in Archer-Daniels-Midland during the third quarter valued at $981,000. Finally, World Investment Advisors LLC purchased a new stake in Archer-Daniels-Midland in the third quarter worth $1,204,000. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

Shares of ADM traded up $0.44 during mid-day trading on Tuesday, reaching $48.53. 3,166,302 shares of the stock traded hands, compared to its average volume of 3,628,862. The company has a market cap of $23.28 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The firm has a fifty day moving average price of $46.72 and a 200 day moving average price of $50.38. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland's revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. As a group, equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.20%. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Wall Street Analyst Weigh In

ADM has been the subject of several research reports. Citigroup cut their price target 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. Bank of America upgraded shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and cut their target price for the stock from $48.00 to $47.00 in a research report on Tuesday, April 15th. Morgan Stanley dropped their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. BMO Capital Markets reduced their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Finally, Barclays lowered their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $52.75.

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.