Archer Daniels Midland Company (NYSE:ADM) Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management Inc. reduced its stake in Archer Daniels Midland by 7.4%, selling 6,818 shares and retaining 85,796 shares valued at approximately $4.12 million.
• Archer Daniels Midland reported $0.70 EPS for the last quarter, slightly exceeding analysts' expectations, despite a 7.7% decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.51, resulting in an annualized dividend yield of 3.68% with a payout ratio of 72.86%.

Envestnet Asset Management Inc. trimmed its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 7.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 85,796 shares of the company's stock after selling 6,818 shares during the period. Envestnet Asset Management Inc.'s holdings in Archer Daniels Midland were worth $4,119,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ADM. S.A. Mason LLC acquired a new position in Archer Daniels Midland during the first quarter worth $25,000. ORG Partners LLC lifted its stake in Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after purchasing an additional 523 shares in the last quarter. NBC Securities Inc. acquired a new position in Archer Daniels Midland during the first quarter worth $37,000. Capital Advisors Ltd. LLC lifted its stake in Archer Daniels Midland by 43.4% during 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 in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Archer Daniels Midland by 109.8% in the first 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 in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Down 0.5%

Archer Daniels Midland stock traded down $0.29 during midday trading on Tuesday, reaching $54.47. The company's stock had a trading volume of 205,812 shares, compared to its average volume of 3,980,730. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $63.14. 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 company has a market cap of $26.17 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.09 and a beta of 0.69. The business has a 50-day simple moving average of $52.03 and a 200-day simple moving average of $49.28.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The company had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. During the same period last year, the firm earned $1.46 earnings per share. Archer Daniels Midland's quarterly revenue was down 7.7% on a year-over-year basis. On average, research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio is presently 72.86%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ADM shares. Citigroup dropped 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 report on Tuesday, April 15th. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Barclays increased 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. Finally, UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their price objective for the company from $55.00 to $60.00 in a research note on Monday, May 19th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.