Northwestern Mutual Wealth Management Co. Has $761,000 Stock Holdings in Archer Daniels Midland Co (NYSE:ADM)

Northwestern Mutual Wealth Management Co. lowered its holdings in Archer Daniels Midland Co (NYSE:ADM) by 43.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,655 shares of the company’s stock after selling 13,690 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Archer Daniels Midland were worth $761,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Securian Asset Management Inc increased its position in Archer Daniels Midland by 0.4% during the 4th quarter. Securian Asset Management Inc now owns 56,653 shares of the company’s stock worth $2,321,000 after purchasing an additional 226 shares in the last quarter. Alpha Omega Wealth Management LLC increased its position in Archer Daniels Midland by 39.0% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 837 shares of the company’s stock worth $36,000 after purchasing an additional 235 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in Archer Daniels Midland by 4.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,451 shares of the company’s stock worth $235,000 after purchasing an additional 243 shares in the last quarter. Tompkins Financial Corp increased its position in Archer Daniels Midland by 12.7% during the 1st quarter. Tompkins Financial Corp now owns 2,182 shares of the company’s stock worth $110,000 after purchasing an additional 246 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its position in Archer Daniels Midland by 72.1% during the 1st quarter. Cornerstone Advisors Inc. now owns 616 shares of the company’s stock worth $27,000 after purchasing an additional 258 shares in the last quarter. 75.96% of the stock is owned by hedge funds and other institutional investors.

ADM traded up $0.23 during trading on Friday, reaching $40.80. 4,328,207 shares of the company’s stock were exchanged, compared to its average volume of 3,631,942. Archer Daniels Midland Co has a one year low of $37.77 and a one year high of $52.06. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $22.91 billion, a PE ratio of 11.66 and a beta of 1.02. The stock has a fifty day moving average price of $40.23.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Friday, April 26th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.16). Archer Daniels Midland had a return on equity of 9.83% and a net margin of 2.57%. The business had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $16.19 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Archer Daniels Midland Co will post 3.16 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Tuesday, May 14th. Archer Daniels Midland’s payout ratio is 40.00%.

In other news, CEO Juan R. Luciano acquired 23,657 shares of Archer Daniels Midland stock in a transaction dated Monday, April 29th. The shares were bought at an average cost of $42.30 per share, with a total value of $1,000,691.10. Following the purchase, the chief executive officer now owns 569,152 shares in the company, valued at approximately $24,075,129.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Ray G. Young acquired 6,000 shares of Archer Daniels Midland stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of $42.76 per share, for a total transaction of $256,560.00. The disclosure for this purchase can be found here. Corporate insiders own 1.11% of the company’s stock.

A number of equities analysts recently issued reports on ADM shares. Stifel Nicolaus lowered their price objective on shares of Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday. ValuEngine cut shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. BMO Capital Markets upgraded shares of Archer Daniels Midland from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $50.00 to $51.00 in a research report on Monday, April 29th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $48.00 price objective (down from $54.00) on shares of Archer Daniels Midland in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Archer Daniels Midland presently has an average rating of “Hold” and an average price target of $50.22.

Archer Daniels Midland Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

Featured Article: Yield Curve

Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.