Barings LLC Sells 11,057 Shares of Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Barings LLC has reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 28.4%, now holding 27,926 shares after selling 11,057 shares during the first quarter.
• Archer Daniels Midland reported a quarterly EPS of $0.70, exceeding analysts' expectations, despite a 7.7% decline in year-over-year revenue.
• The company declared a quarterly dividend of $0.51 per share, representing an annual yield of 3.8% with a payout ratio of 72.86%.

Barings LLC decreased its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 28.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,926 shares of the company's stock after selling 11,057 shares during the quarter. Barings LLC's holdings in Archer Daniels Midland were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. S.A. Mason LLC bought a new stake in shares of Archer Daniels Midland in the 1st quarter valued at approximately $25,000. ORG Partners LLC lifted its stake in shares of Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after purchasing an additional 523 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Archer Daniels Midland in the 1st quarter valued at approximately $37,000. Capital Advisors Ltd. LLC lifted its stake in shares of 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 purchasing an additional 237 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in shares of Archer Daniels Midland by 109.8% in the 1st quarter. Golden State Wealth Management LLC now owns 839 shares of the company's stock valued at $40,000 after purchasing an additional 439 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Trading Down 0.6%

ADM opened at $53.87 on Friday. The stock has a market cap of $25.88 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 3.02 and a beta of 0.68. The stock's 50 day moving average price is $52.49 and its 200-day moving average price is $49.39. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $62.61. 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 released its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The firm 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 company's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 earnings per share. On average, equities analysts forecast that Archer Daniels Midland Company will post 4.31 EPS 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 paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's payout ratio is currently 72.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ADM shares. Barclays raised their price objective on Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research note on Wednesday, July 2nd. Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their price objective for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Citigroup cut their target price on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland has an average rating of "Hold" and an average price target of $50.29.

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.

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