Mather Group LLC. Lowers Position in Archer Daniels Midland Company (NYSE:ADM)

Mather Group LLC. lessened its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 99.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,070 shares of the company's stock after selling 243,469 shares during the quarter. Mather Group LLC.'s holdings in Archer Daniels Midland were worth $51,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADM. Fairway Wealth LLC acquired a new position in Archer Daniels Midland in the fourth quarter valued at about $25,000. S.A. Mason LLC acquired a new position in Archer Daniels Midland in the first quarter valued at about $25,000. CoreFirst Bank & Trust acquired a new position in Archer Daniels Midland during the fourth quarter worth about $30,000. ORG Partners LLC boosted its holdings in Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after acquiring an additional 523 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Archer Daniels Midland in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer Daniels Midland Trading Down 1.8%

Shares of Archer Daniels Midland stock traded down $1.01 on Friday, reaching $54.90. 2,259,865 shares of the company's stock were exchanged, compared to its average volume of 3,517,955. The company has a market capitalization of $26.37 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 3.07 and a beta of 0.69. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The firm's 50-day moving average is $50.09 and its two-hundred day moving average is $48.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. Archer Daniels Midland's revenue for the quarter was down 7.7% on a year-over-year basis. Sell-side analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's payout ratio is 72.86%.

Analyst Ratings Changes

Several analysts recently commented on ADM shares. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $47.00 to $45.00 in a report on Thursday, May 8th. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their target price for the company from $55.00 to $60.00 in a report on Monday, May 19th. Barclays increased their price target on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday. Finally, Citigroup cut their price target 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.