Archer Daniels Midland Company (NYSE:ADM) Shares Sold by Private Advisor Group LLC

Key Points

• Private Advisor Group LLC reduced its stake in Archer Daniels Midland Company by 49.0%, selling 23,001 shares and now holding 23,895 shares valued at approximately $1.15 million.
• Archer Daniels Midland's stock has a market cap of $26.61 billion with a current P/E ratio of 19.78, and its shares are currently trading around $55.38.
• Analysts have mixed ratings on the stock, with two sell ratings, five hold ratings, and one buy rating, reflecting uncertainty in the company’s future performance.

Private Advisor Group LLC lessened its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 49.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,895 shares of the company's stock after selling 23,001 shares during the quarter. Private Advisor Group LLC's holdings in Archer Daniels Midland were worth $1,147,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. S.A. Mason LLC acquired a new position in shares of Archer Daniels Midland in the first quarter worth about $25,000. ORG Partners LLC raised its position in Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after acquiring an additional 523 shares during the period. NBC Securities Inc. acquired a new position in Archer Daniels Midland during the first quarter worth $37,000. Capital Advisors Ltd. LLC raised its position in Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after acquiring an additional 237 shares during the period. Finally, Golden State Wealth Management LLC raised its position in shares of Archer Daniels Midland by 109.8% during the 1st quarter. Golden State Wealth Management LLC now owns 839 shares of the company's stock worth $40,000 after purchasing an additional 439 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ADM shares. 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. Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. 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. Finally, Barclays increased their target price on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $52.25.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $55.38 on Friday. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $64.24. The stock has a market cap of $26.61 billion, a P/E ratio of 19.78, a PEG ratio of 3.09 and a beta of 0.69. The company has a 50-day moving average price of $51.93 and a 200 day moving average price of $49.26. 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The business's revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 EPS. Sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors 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 3.68%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's payout ratio is 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.

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.