Janney Montgomery Scott LLC Cuts Stock Holdings in Archer Daniels Midland Company (NYSE:ADM)

Janney Montgomery Scott LLC reduced its holdings in Archer Daniels Midland Company (NYSE:ADM) by 5.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 242,355 shares of the company’s stock after selling 14,201 shares during the period. Janney Montgomery Scott LLC’s holdings in Archer Daniels Midland were worth $11,635,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Archer Daniels Midland by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company’s stock worth $3,150,390,000 after buying an additional 706,567 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Archer Daniels Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock worth $1,068,626,000 after buying an additional 1,722,428 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Archer Daniels Midland by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company’s stock worth $590,305,000 after buying an additional 247,647 shares in the last quarter. Northern Trust Corp grew its stake in shares of Archer Daniels Midland by 2.6% in the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company’s stock worth $557,489,000 after buying an additional 275,792 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Archer Daniels Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock worth $361,007,000 after buying an additional 1,420,625 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Trading Down 0.2%

Shares of ADM opened at $54.00 on Friday. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. The firm has a market capitalization of $25.95 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 3.00 and a beta of 0.67. The company has a 50-day moving average of $48.73 and a 200 day moving average of $48.70.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The business had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. During the same quarter in the previous year, the business posted $1.46 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders 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 annualized dividend and a dividend yield of 3.78%. Archer Daniels Midland’s dividend payout ratio is currently 72.86%.

Analyst Ratings Changes

ADM has been the subject of a number of recent analyst reports. UBS Group raised shares of 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 note on Monday, May 19th. Bank of America cut shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Barclays dropped their price target on shares of Archer Daniels Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Finally, Citigroup dropped 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 note on Tuesday, April 15th. Two investment 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 data from MarketBeat, Archer Daniels Midland currently has a consensus rating of “Hold” and an average 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.