Archer Daniels Midland Company (NYSE:ADM) Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC reduced its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 38.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,486 shares of the company's stock after selling 4,691 shares during the quarter. Principle Wealth Partners LLC's holdings in Archer Daniels Midland were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. S.A. Mason LLC purchased a new stake in Archer Daniels Midland during the first quarter valued at $25,000. CoreFirst Bank & Trust purchased a new stake in Archer Daniels Midland during the fourth quarter valued at $30,000. ORG Partners LLC increased 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 valued at $34,000 after acquiring an additional 523 shares during the last quarter. NBC Securities Inc. purchased a new stake in Archer Daniels Midland during the first quarter valued at $37,000. Finally, Capital Advisors Ltd. LLC increased 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 valued at $38,000 after acquiring an additional 237 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Trading Down 0.2%

ADM traded down $0.12 during trading on Friday, hitting $55.38. 2,684,088 shares of the stock were exchanged, compared to its average volume of 3,063,897. The firm has a 50 day simple moving average of $51.93 and a 200 day simple moving average of $49.27. The firm has a market cap of $26.61 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 3.10 and a beta of 0.69. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $64.24. 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 announced its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The business's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 EPS. As a group, equities analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.68%. Archer Daniels Midland's payout ratio is 72.86%.

Analyst Upgrades and Downgrades

ADM has been the subject of several recent research reports. 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 boosted 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. Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Finally, UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Archer Daniels Midland currently has an average rating of "Hold" and an average target price 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.