Invesco LLC reduced its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 66.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,433 shares of the company's stock after selling 10,809 shares during the quarter. Invesco LLC's holdings in Archer Daniels Midland were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. Allworth Financial LP grew its holdings in Archer Daniels Midland by 9.6% in the fourth quarter. Allworth Financial LP now owns 2,648 shares of the company's stock valued at $134,000 after purchasing an additional 232 shares during the period. Private Advisor Group LLC raised its holdings in Archer Daniels Midland by 54.1% in the fourth quarter. Private Advisor Group LLC now owns 46,896 shares of the company's stock valued at $2,369,000 after acquiring an additional 16,456 shares in the last quarter. Sigma Planning Corp raised its holdings in Archer Daniels Midland by 11.1% in the fourth quarter. Sigma Planning Corp now owns 25,603 shares of the company's stock valued at $1,293,000 after acquiring an additional 2,548 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Archer Daniels Midland in the fourth quarter valued at $45,000. Finally, Hi Line Capital Management LLC bought a new stake in Archer Daniels Midland during the fourth quarter valued at $2,308,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Citigroup lowered their price target 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. 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. Finally, Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $52.00.
Check Out Our Latest Report on Archer Daniels Midland
Archer Daniels Midland Price Performance
ADM traded down $1.12 on Friday, reaching $52.05. The company had a trading volume of 4,770,003 shares, compared to its average volume of 3,536,489. The company has a fifty day moving average of $49.47 and a 200-day moving average of $48.73. The company has a market capitalization of $25.01 billion, a P/E ratio of 18.59, a PEG ratio of 2.96 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. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $66.08.
Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion during 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%. Archer Daniels Midland's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 EPS. As a group, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.
Archer Daniels Midland Announces Dividend
The business also recently announced 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 of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 3.92%. Archer Daniels Midland's dividend payout ratio is presently 72.86%.
About Archer Daniels Midland
(
Free Report)
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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