Cutter & CO Brokerage Inc. Reduces Position in Archer Daniels Midland Company (NYSE:ADM)

Cutter & CO Brokerage Inc. decreased its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,246 shares of the company's stock after selling 5,339 shares during the period. Cutter & CO Brokerage Inc.'s holdings in Archer Daniels Midland were worth $3,661,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ADM. S.A. Mason LLC purchased a new position in Archer Daniels Midland during the first quarter valued at approximately $25,000. CoreFirst Bank & Trust purchased a new position in Archer Daniels Midland during the fourth quarter valued at approximately $30,000. ORG Partners LLC increased its holdings 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 buying an additional 523 shares during the period. NBC Securities Inc. purchased a new position in Archer Daniels Midland in the first quarter worth $37,000. Finally, Capital Advisors Ltd. LLC grew its holdings in Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after purchasing an additional 237 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

ADM has been the topic of several analyst reports. Barclays lifted their price target on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday, July 2nd. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their target price for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Citigroup decreased their target price 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, Bank of America downgraded shares of 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 research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $52.25.

Archer Daniels Midland Trading Down 3.0%

Shares of Archer Daniels Midland stock traded down $1.62 during mid-day trading on Thursday, hitting $52.39. The stock had a trading volume of 2,215,013 shares, compared to its average volume of 3,500,803. The firm has a 50-day moving average of $51.14 and a two-hundred day moving average of $49.03. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The firm has a market cap of $25.17 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The firm had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same period in the prior year, the business posted $1.46 EPS. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. Sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 3.89%. Archer Daniels Midland's dividend payout ratio (DPR) is presently 72.86%.

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.