Van Cleef Asset Management Inc Decreases Stock Holdings in Archer Daniels Midland Company (NYSE:ADM)

Van Cleef Asset Management Inc decreased its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 89.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,152 shares of the company's stock after selling 121,669 shares during the period. Van Cleef Asset Management Inc's holdings in Archer Daniels Midland were worth $679,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ADM. Norges Bank purchased a new stake in Archer Daniels Midland during the fourth quarter valued at about $333,521,000. Wellington Management Group LLP raised its position in shares of Archer Daniels Midland by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after purchasing an additional 1,722,428 shares during the period. Invesco Ltd. grew its stake in Archer Daniels Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock valued at $361,007,000 after buying an additional 1,420,625 shares in the last quarter. Amundi raised its holdings in Archer Daniels Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after acquiring an additional 894,562 shares during the period. Finally, Voloridge Investment Management LLC boosted its holdings in shares of Archer Daniels Midland by 56.8% in the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock worth $117,658,000 after acquiring an additional 843,662 shares during the period. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Price Performance

Shares of ADM traded up $0.08 during midday trading on Friday, reaching $54.97. The stock had a trading volume of 2,190,040 shares, compared to its average volume of 3,496,986. The company has a market capitalization of $26.41 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 3.01 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 Company has a 12-month low of $40.98 and a 12-month high of $66.08. The company's 50-day moving average is $50.63 and its 200 day moving average is $48.93.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly 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 net margin of 1.63% and a return on equity of 8.71%. The firm had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. During the same period last year, the firm posted $1.46 earnings per share. The business's revenue was down 7.7% compared to the same quarter last year. On average, equities analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.71%. Archer Daniels Midland's dividend payout ratio is currently 72.86%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ADM shares. Citigroup dropped their price objective 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. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their price objective for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, Barclays boosted their price target 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 equities research 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, Archer Daniels Midland presently has a consensus rating of "Hold" and a consensus price target of $52.25.

Archer Daniels Midland Profile

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.