Advisors Management Group Inc. ADV Decreases Position in Archer Daniels Midland Company (NYSE:ADM)

Advisors Management Group Inc. ADV lessened its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,033 shares of the company's stock after selling 6,057 shares during the quarter. Advisors Management Group Inc. ADV's holdings in Archer Daniels Midland were worth $1,874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Silver Coast Investments LLC lifted its holdings in shares of Archer Daniels Midland by 4.4% during the fourth quarter. Silver Coast Investments LLC now owns 5,608 shares of the company's stock worth $283,000 after buying an additional 235 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after buying an additional 237 shares in the last quarter. Sagespring Wealth Partners LLC raised its position in Archer Daniels Midland by 4.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after buying an additional 239 shares during the last quarter. Stolper Co grew its position in Archer Daniels Midland by 0.8% during the first quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after buying an additional 275 shares during the period. Finally, Horizon Investments LLC boosted its holdings in Archer Daniels Midland by 3.5% in the 4th quarter. Horizon Investments LLC now owns 8,529 shares of the company's stock worth $431,000 after buying an additional 285 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer Daniels Midland Trading Down 1.8%

Archer Daniels Midland stock traded down $1.01 during midday trading on Friday, hitting $54.90. 2,259,865 shares of the stock were exchanged, compared to its average volume of 3,520,330. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08. The stock's 50-day simple moving average is $49.96 and its 200 day simple moving average is $48.78. The stock has a market capitalization of $26.37 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 3.07 and a beta of 0.69. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The firm had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. During the same period in the previous year, the firm posted $1.46 EPS. Archer Daniels Midland's revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio (DPR) is presently 72.86%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays raised their price objective on Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a report on Wednesday. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $55.00 to $60.00 in a report on Monday, May 19th. Citigroup decreased their target price on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Two equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $52.25.

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.