Archer Daniels Midland Company (NYSE:ADM) Shares Sold by IFP Advisors Inc

Key Points

• IFP Advisors Inc reduced its holdings in Archer Daniels Midland Company (NYSE:ADM) by 41.6%, owning 7,696 shares worth $369,000 after selling 5,476 shares during the first quarter.
• A significant number of other institutional investors, such as Wellington Management Group and Invesco Ltd., have increased their stakes in Archer Daniels Midland during the fourth quarter, contributing to 78.28% of the stock's ownership by institutions.
• Analysts have mixed ratings for Archer Daniels Midland, with UBS upgrading the stock from "neutral" to "buy" and Bank of America downgrading it to "underperform," reflecting varied market sentiments with a consensus rating of "Hold."

IFP Advisors Inc decreased its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 41.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,696 shares of the company's stock after selling 5,476 shares during the period. IFP Advisors Inc's holdings in Archer Daniels Midland were worth $369,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. American Century Companies Inc. boosted its stake in Archer Daniels Midland by 13.7% during the 4th quarter. American Century Companies Inc. now owns 443,113 shares of the company's stock worth $22,386,000 after purchasing an additional 53,351 shares during the period. Sei Investments Co. boosted its stake in Archer Daniels Midland by 5.5% during the 4th quarter. Sei Investments Co. now owns 144,957 shares of the company's stock worth $7,323,000 after purchasing an additional 7,503 shares during the period. Korea Investment CORP boosted its stake in Archer Daniels Midland by 72.1% during the 4th quarter. Korea Investment CORP now owns 275,476 shares of the company's stock worth $13,917,000 after purchasing an additional 115,400 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Archer Daniels Midland by 7.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 869,053 shares of the company's stock worth $43,496,000 after purchasing an additional 58,789 shares during the period. Finally, Elo Mutual Pension Insurance Co boosted its stake in Archer Daniels Midland by 13.4% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 49,622 shares of the company's stock worth $2,507,000 after purchasing an additional 5,868 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer Daniels Midland Price Performance

Shares of ADM traded down $0.86 during trading hours on Tuesday, reaching $53.90. The company had a trading volume of 1,629,012 shares, compared to its average volume of 3,989,916. The firm has a 50 day simple moving average of $52.03 and a 200-day simple moving average of $49.28. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $25.90 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 3.09 and a beta of 0.69. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $63.14.

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, beating 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 posted $1.46 EPS. Research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.78%. Archer Daniels Midland's dividend payout ratio is presently 72.86%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ADM. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their price target for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Citigroup cut their price objective on shares of 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. Finally, Barclays upped their price objective on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus 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.