Archer Daniels Midland Company (NYSE:ADM) Shares Sold by Laurel Wealth Planning LLC

Laurel Wealth Planning LLC lessened its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 29.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,004 shares of the company's stock after selling 10,443 shares during the quarter. Laurel Wealth Planning LLC's holdings in Archer Daniels Midland were worth $1,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADM. Vanguard Group Inc. raised its holdings in Archer Daniels Midland by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock worth $3,150,390,000 after purchasing an additional 706,567 shares during the period. Wellington Management Group LLP raised its holdings in Archer Daniels Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock worth $1,068,626,000 after purchasing an additional 1,722,428 shares during the period. Geode Capital Management LLC raised its holdings in Archer Daniels Midland by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock worth $590,305,000 after purchasing an additional 247,647 shares during the period. Northern Trust Corp raised its holdings in Archer Daniels Midland by 2.6% in the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock worth $557,489,000 after purchasing an additional 275,792 shares during the period. Finally, Invesco Ltd. raised its holdings in Archer Daniels Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock worth $361,007,000 after purchasing an additional 1,420,625 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ADM shares. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Citigroup reduced their target price on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their target price for the company from $55.00 to $60.00 in a report on Monday, May 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $52.00.

Archer Daniels Midland Price Performance

ADM stock opened at $52.05 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. The business has a 50 day simple moving average of $49.47 and a 200-day simple moving average of $48.73. The firm has a market capitalization of $25.01 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 2.96 and a beta of 0.67. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The business's revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 earnings per share. Equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a $0.51 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.92%. Archer Daniels Midland's dividend payout ratio (DPR) is presently 72.86%.

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.

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