Folger Nolan Fleming Douglas Capital Management Inc. Sells 3,434 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 26.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,710 shares of the company’s stock after selling 3,434 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $466,000 as of its most recent SEC filing.

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

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $49.65 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a market cap of $23.85 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The company’s 50 day simple moving average is $47.70 and its 200-day simple moving average is $48.72. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. During the same period last year, the company earned $1.46 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, equities analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 72.86%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ADM shares. Barclays decreased their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. UBS Group raised shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and upped their target price for the company from $55.00 to $60.00 in a research report on Monday, May 19th. 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. 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.