Field & Main Bank Sells 8,100 Shares of Archer Daniels Midland Company (NYSE:ADM)

Field & Main Bank lessened its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 47.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,040 shares of the company's stock after selling 8,100 shares during the period. Field & Main Bank's holdings in Archer Daniels Midland were worth $434,000 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. Advisor OS LLC lifted its holdings in shares of Archer Daniels Midland by 4.9% in the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after acquiring an additional 212 shares during the last quarter. Silver Coast Investments LLC raised its position in Archer Daniels Midland by 4.4% in the fourth quarter. Silver Coast Investments LLC now owns 5,608 shares of the company's stock valued at $283,000 after purchasing an additional 235 shares during the period. Capital Advisors Ltd. LLC grew its stake in shares of Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after buying an additional 237 shares in the last quarter. Sagespring Wealth Partners LLC boosted its stake in shares of Archer Daniels Midland by 4.1% in the first quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after purchasing an additional 239 shares during the period. Finally, Stolper Co grew its holdings in shares of Archer Daniels Midland by 0.8% in the first quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after purchasing an additional 275 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $52.96 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08. The company has a 50-day simple moving average of $49.16 and a 200-day simple moving average of $48.69. The company has a market capitalization of $25.44 billion, a PE ratio of 18.91, a P/E/G ratio of 2.94 and a beta of 0.67.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $1.46 EPS. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a $0.51 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.85%. Archer Daniels Midland's dividend payout ratio is presently 72.86%.

Wall Street Analyst Weigh In

ADM has been the topic of a number of recent research reports. Citigroup cut their price objective on 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. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Finally, Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Archer Daniels Midland currently has a consensus rating of "Hold" and an average price target of $52.00.

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.

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