ING Groep NV Decreases Stock Holdings in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• ING Groep NV has reduced its holdings in Archer Daniels Midland Company by 36.3% during the first quarter, resulting in ownership of 61,104 shares valued at approximately $2.93 million.
• Archer Daniels Midland reported an earnings per share (EPS) of $0.93 for the quarter, surpassing analysts' expectations, though its revenue was down 4.9% year-over-year.
• Several institutional investors, including Franklin Resources and Envestnet Asset Management, have recently adjusted their positions in Archer Daniels Midland, contributing to 78.28% of the stock being owned by institutional investors and hedge funds.

ING Groep NV trimmed its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 36.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,104 shares of the company's stock after selling 34,865 shares during the quarter. ING Groep NV's holdings in Archer Daniels Midland were worth $2,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Archer Daniels Midland in the fourth quarter valued at approximately $1,914,000. Handelsbanken Fonder AB bought a new position in Archer Daniels Midland during the first quarter worth $1,183,000. Bell Bank increased its stake in Archer Daniels Midland by 11.0% in the first quarter. Bell Bank now owns 167,536 shares of the company's stock valued at $8,043,000 after purchasing an additional 16,558 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Archer Daniels Midland by 2.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 230,879 shares of the company's stock valued at $11,664,000 after purchasing an additional 6,510 shares in the last quarter. Finally, Greenland Capital Management LP acquired a new position in shares of Archer Daniels Midland during the fourth quarter valued at about $326,000. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Up 1.9%

Shares of ADM stock traded up $1.10 during trading hours on Thursday, reaching $57.83. The company had a trading volume of 3,942,852 shares, compared to its average volume of 3,116,255. The company has a market cap of $27.79 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 3.19 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.81. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $62.61. The business has a fifty day simple moving average of $53.15 and a 200-day simple moving average of $49.54.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. Archer Daniels Midland's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. On average, research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ADM shares. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their target price for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Citigroup reduced their price objective 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. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $50.00 to $61.00 in a report on Wednesday. Finally, Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $51.86.

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.