Janney Montgomery Scott LLC Sells 14,201 Shares of Archer Daniels Midland Company (NYSE:ADM)

Janney Montgomery Scott LLC lessened its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 5.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 242,355 shares of the company's stock after selling 14,201 shares during the period. Janney Montgomery Scott LLC owned approximately 0.05% of Archer Daniels Midland worth $11,635,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Advisor OS LLC boosted its position in shares of Archer Daniels Midland by 4.9% in the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after acquiring an additional 212 shares during the period. Allworth Financial LP raised its stake in Archer Daniels Midland by 9.6% during the 4th 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 last quarter. Silver Coast Investments LLC grew its position in Archer Daniels Midland by 4.4% in the 4th quarter. Silver Coast Investments LLC now owns 5,608 shares of the company's stock worth $283,000 after purchasing an additional 235 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after purchasing an additional 237 shares during the period. Finally, Stolper Co raised its position in shares of Archer Daniels Midland by 0.8% during the first quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after buying an additional 275 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ADM. Citigroup decreased their target price 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 upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and raised their target price for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Bank of America cut 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 research report on Thursday, May 8th. Finally, Barclays cut their price objective on Archer Daniels Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Archer Daniels Midland has an average rating of "Hold" and a consensus target price of $52.00.

Archer Daniels Midland Trading Down 0.7%

Shares of NYSE:ADM traded down $0.36 during midday trading on Friday, hitting $53.63. The company had a trading volume of 8,469,894 shares, compared to its average volume of 3,594,888. 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 12 month low of $40.98 and a 12 month high of $66.08. The firm has a fifty day simple moving average of $48.73 and a 200 day simple moving average of $48.70. The stock has a market cap of $25.77 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 3.00 and a beta of 0.67.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion for the quarter, compared to analysts' expectations 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 quarter last year, the business earned $1.46 earnings per share. On average, analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's payout ratio is presently 72.86%.

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.