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

Van Cleef Asset Management Inc decreased its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 89.6% during the first quarter, according to its most recent Form 13F filing 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ADM. Capital Advisors Ltd. LLC lifted its position in shares of Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after buying an additional 237 shares during the last quarter. Sagespring Wealth Partners LLC lifted its position in shares of Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after purchasing an additional 239 shares during the last quarter. Stolper Co lifted its position in shares of Archer Daniels Midland by 0.8% during the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after purchasing an additional 275 shares during the last quarter. Horizon Investments LLC lifted its position in shares of Archer Daniels Midland by 3.5% during the 4th quarter. Horizon Investments LLC now owns 8,529 shares of the company's stock worth $431,000 after purchasing an additional 285 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Archer Daniels Midland by 2.0% during the 4th quarter. Citizens Financial Group Inc. RI now owns 16,190 shares of the company's stock worth $818,000 after purchasing an additional 324 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ADM has been the subject of several recent research reports. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their price target for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Citigroup cut their price target 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. Barclays upped their price target on Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a report on Wednesday, July 2nd. Finally, UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their price target for the company from $55.00 to $60.00 in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $52.25.

Archer Daniels Midland Trading Down 0.9%

Shares of ADM stock traded down $0.48 during trading hours on Wednesday, reaching $54.07. The company had a trading volume of 3,184,455 shares, compared to its average volume of 3,507,558. The company has a 50 day moving average of $50.36 and a 200 day moving average of $48.86. 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 firm has a market cap of $25.98 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 3.04 and a beta of 0.69. 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 issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The firm's revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS. On average, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current 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. This represents a $2.04 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend 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.