First Horizon Advisors Inc. Cuts Stock Position in Archer Daniels Midland Company (NYSE:ADM)

First Horizon Advisors Inc. cut its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 71.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,819 shares of the company's stock after selling 9,612 shares during the period. First Horizon Advisors Inc.'s holdings in Archer Daniels Midland were worth $183,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADM. Revisor Wealth Management LLC purchased a new stake in shares of Archer Daniels Midland during the first quarter worth approximately $310,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Archer Daniels Midland by 54.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 81,953 shares of the company's stock worth $3,935,000 after buying an additional 28,896 shares during the period. Clear Creek Financial Management LLC increased its stake in shares of Archer Daniels Midland by 14.4% during the first quarter. Clear Creek Financial Management LLC now owns 4,779 shares of the company's stock worth $229,000 after buying an additional 600 shares during the period. Cidel Asset Management Inc. increased its stake in shares of Archer Daniels Midland by 8.5% during the first quarter. Cidel Asset Management Inc. now owns 12,240 shares of the company's stock worth $588,000 after buying an additional 959 shares during the period. Finally, Guardian Investment Management purchased a new stake in shares of Archer Daniels Midland during the first quarter worth approximately $358,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

ADM stock opened at $54.90 on Monday. The company has a market capitalization of $26.37 billion, a P/E ratio of 19.61, a PEG ratio of 3.07 and a beta of 0.69. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The business has a 50 day simple moving average of $50.09 and a 200-day simple moving average of $48.79. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion during the quarter, compared to the consensus estimate 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 revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 earnings per share. As a group, equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio is presently 72.86%.

Analyst Ratings Changes

ADM has been the topic of a number of recent research reports. Barclays upped their target price on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 2nd. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their price target for the company from $55.00 to $60.00 in a report on Monday, May 19th. Citigroup lowered their price target on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $52.25.

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.

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