Pacifica Partners Inc. Sells 339 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Pacifica Partners Inc. lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,281 shares of the company’s stock after selling 339 shares during the quarter. Pacifica Partners Inc.’s holdings in Archer-Daniels-Midland were worth $299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $25,000. Stonebridge Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $28,000. CoreFirst Bank & Trust bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $30,000. Crews Bank & Trust bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $30,000. Finally, Asset Planning Inc bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $31,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.2%

ADM stock opened at $48.26 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The firm’s fifty day simple moving average is $47.48 and its two-hundred day simple moving average is $49.02.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $20.18 billion for the quarter, compared to analysts’ expectations of $22.05 billion. During the same quarter in the previous year, the business posted $1.46 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. As a group, analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 72.86%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ADM shares. Stephens reduced their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. UBS Group upgraded shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. BMO Capital Markets reduced their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Finally, Citigroup reduced their price target on shares of 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. Two 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. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average target price of $52.00.

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.