Invesco LLC Sells 10,809 Shares of Archer Daniels Midland Company (NYSE:ADM)

Invesco LLC decreased its holdings in Archer Daniels Midland Company (NYSE:ADM) by 66.5% during the 1st quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amundi boosted its position in shares of Archer Daniels Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company’s stock valued at $123,340,000 after buying an additional 894,562 shares during the last quarter. Hickory Point Bank & Trust bought a new stake in Archer Daniels Midland in the 4th quarter worth about $1,217,000. Semanteon Capital Management LP bought a new position in shares of Archer Daniels Midland during the 4th quarter worth approximately $614,000. Aigen Investment Management LP boosted its stake in shares of Archer Daniels Midland by 127.7% in the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock worth $2,372,000 after buying an additional 26,329 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Archer Daniels Midland during the fourth quarter valued at approximately $8,677,000. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADM shares. Citigroup reduced 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. Bank of America lowered shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Barclays reduced 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. Finally, UBS Group upgraded Archer Daniels Midland from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $60.00 in a research note on Monday, May 19th. 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.00.

Archer Daniels Midland Trading Down 1.3%

Shares of Archer Daniels Midland stock opened at $52.89 on Tuesday. The company’s 50-day moving average price is $49.02 and its 200-day moving average price is $48.66. The company has a market cap of $25.41 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.98 and a beta of 0.67. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. 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 (NYSE:ADM) last announced 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. The firm had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS. On average, equities analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.86%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 72.86%.

Archer Daniels Midland 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.