Commerce Bank Sells 4,716 Shares of Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Commerce Bank has reduced its stake in Archer Daniels Midland Company by 16.4%, now owning 24,005 shares valued at $1,152,000.
• Analysts have diverse opinions on the stock, with Citigroup lowering its price target to $49, while UBS upgraded it to a buy rating and set a target of $60.
• Archer Daniels Midland's shares traded down 1.5% to $56.75, with a market capitalization of $27.27 billion and a reported EPS of $0.93 for the latest quarter.

Commerce Bank reduced its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 16.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,005 shares of the company's stock after selling 4,716 shares during the period. Commerce Bank's holdings in Archer Daniels Midland were worth $1,152,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADM. Franklin Resources Inc. increased its stake in Archer Daniels Midland by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 294,360 shares of the company's stock worth $14,871,000 after purchasing an additional 14,966 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Archer Daniels Midland in the 4th quarter worth about $8,464,000. Aviva PLC raised its position in Archer Daniels Midland by 1.4% during the fourth quarter. Aviva PLC now owns 286,834 shares of the company's stock valued at $14,491,000 after acquiring an additional 4,037 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Archer Daniels Midland by 7.0% in the 4th quarter. Wedbush Securities Inc. now owns 9,584 shares of the company's stock valued at $484,000 after purchasing an additional 626 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Archer Daniels Midland by 83.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 92,614 shares of the company's stock valued at $4,679,000 after buying an additional 42,087 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $50.00 to $61.00 in a report on Wednesday. Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Citigroup lowered their target price on shares of 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. Finally, UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their target price for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $51.86.

Archer Daniels Midland Trading Up 1.9%

Shares of NYSE:ADM traded up $1.10 during trading on Thursday, hitting $57.83. 3,942,852 shares of the company's stock were exchanged, compared to its average volume of 3,116,255. The firm has a 50-day moving average price of $52.97 and a two-hundred day moving average price of $49.50. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $62.61. The firm has a market cap of $27.79 billion, a P/E ratio of 25.48, a PEG ratio of 3.19 and a beta of 0.68. The company has a current ratio of 1.42, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The company had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. Archer Daniels Midland's revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. Equities analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is currently 89.87%.

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.