Envestnet Portfolio Solutions Inc. Sells 61,411 Shares of Archer Daniels Midland Company (NYSE:ADM)

Envestnet Portfolio Solutions Inc. lowered its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 92.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,293 shares of the company's stock after selling 61,411 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Archer Daniels Midland were worth $254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Archer Daniels Midland in the fourth quarter valued at about $25,000. CoreFirst Bank & Trust purchased a new stake in Archer Daniels Midland in the fourth quarter valued at $30,000. OFI Invest Asset Management acquired a new stake in Archer Daniels Midland in the 4th quarter valued at approximately $35,000. NBC Securities Inc. acquired a new position in shares of Archer Daniels Midland in the first quarter worth $37,000. Finally, Capital Advisors Ltd. LLC increased its position 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. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Trading Down 2.1%

Shares of NYSE ADM opened at $52.05 on Monday. The company has a market cap of $25.01 billion, a PE ratio of 18.59, a P/E/G ratio of 2.89 and a beta of 0.67. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $49.47 and a two-hundred day moving average of $48.67. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced 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. The firm had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The business's revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. As a group, equities 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were issued a $0.51 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 3.92%. Archer Daniels Midland's payout ratio is 72.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Citigroup reduced 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 report on Tuesday, April 15th. Finally, UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $52.00.

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.

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