Van Cleef Asset Management Inc Has $679,000 Position in Archer Daniels Midland Company (NYSE:ADM)

Van Cleef Asset Management Inc trimmed its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 89.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 reporting period.

Other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in Archer Daniels Midland in the 4th quarter worth approximately $25,000. S.A. Mason LLC bought a new position in Archer Daniels Midland in the 1st quarter worth approximately $25,000. CoreFirst Bank & Trust bought a new position in Archer Daniels Midland in the 4th quarter worth approximately $30,000. ORG Partners LLC grew its holdings in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after purchasing an additional 523 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Archer Daniels Midland during the 4th quarter worth approximately $35,000. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Trading Up 2.4%

NYSE:ADM traded up $1.29 on Thursday, reaching $55.29. The company's stock had a trading volume of 1,314,475 shares, compared to its average volume of 3,497,165. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38. The firm has a market cap of $26.56 billion, a PE ratio of 19.73, a PEG ratio of 3.05 and a beta of 0.69. The business's 50-day moving average price is $50.48 and its two-hundred day moving average price is $48.90.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its 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. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The firm had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. During the same period in the previous year, the firm earned $1.46 earnings per share. The company's revenue was down 7.7% on a year-over-year basis. Equities research analysts anticipate 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 was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.69%. Archer Daniels Midland's dividend payout ratio is currently 72.86%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ADM. Barclays lifted their price objective on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday, July 2nd. Citigroup dropped their target price on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their price objective for the company from $55.00 to $60.00 in a report on Monday, May 19th. Two research 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 MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $52.25.

Archer Daniels Midland Company 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.