Assetmark Inc. Decreases Stake in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Assetmark Inc. significantly reduced its stake in Archer Daniels Midland Company by 90.3%, selling over 100,000 shares, leaving it with only 11,028 shares valued at approximately $529,000.
• Analyst ratings for Archer Daniels Midland are mixed, with two analysts
• Archer Daniels Midland recently declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 3.8%, with a payout ratio of 72.86%.

Assetmark Inc. lowered its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 90.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,028 shares of the company's stock after selling 103,030 shares during the quarter. Assetmark Inc.'s holdings in Archer Daniels Midland were worth $529,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Capital Advisors Ltd. LLC raised its holdings in Archer Daniels Midland by 43.4% in the 1st 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. Sagespring Wealth Partners LLC raised its holdings in Archer Daniels Midland by 4.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after acquiring an additional 239 shares during the last quarter. Stolper Co increased its holdings 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 buying an additional 275 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Archer Daniels Midland by 6.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock worth $254,000 after buying an additional 326 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Archer Daniels Midland by 0.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 53,303 shares of the company's stock worth $2,559,000 after buying an additional 343 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Down 1.5%

NYSE ADM traded down $0.84 during trading hours on Wednesday, hitting $56.78. The company had a trading volume of 2,908,041 shares, compared to its average volume of 3,982,639. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $62.61. The company has a market capitalization of $27.28 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 3.03 and a beta of 0.68. 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's 50 day moving average is $52.80 and its 200 day moving average is $49.45.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The firm had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. During the same period in the prior year, the firm earned $1.03 EPS. The firm's quarterly revenue was down 4.9% compared to the same quarter last year. Sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group upgraded 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 report on Monday, May 19th. Bank of America downgraded 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 report on Thursday, May 8th. Citigroup dropped their price objective 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. Finally, Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $50.00 to $61.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $51.86.

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.