Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 28.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,550 shares of the company’s stock after selling 1,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Archer-Daniels-Midland were worth $122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADM. Norges Bank acquired a new position in Archer-Daniels-Midland during the fourth quarter valued at approximately $333,521,000. Wellington Management Group LLP raised its stake in shares of Archer-Daniels-Midland by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock valued at $1,068,626,000 after purchasing an additional 1,722,428 shares during the period. Invesco Ltd. raised its stake in shares of Archer-Daniels-Midland by 24.8% during the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock valued at $361,007,000 after purchasing an additional 1,420,625 shares during the period. Amundi raised its stake 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 purchasing an additional 894,562 shares during the period. Finally, Voloridge Investment Management LLC raised its stake in shares of Archer-Daniels-Midland by 56.8% during the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company’s stock valued at $117,658,000 after purchasing an additional 843,662 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $48.65 on Wednesday. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The company has a market cap of $23.37 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The firm has a fifty day moving average of $47.46 and a 200-day moving average of $48.74.

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

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 72.86%.

Analyst Ratings Changes

ADM has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. UBS Group upgraded shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Bank of America lowered 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. Finally, 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. 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. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus 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.