PKO Investment Management Joint Stock Co Sells 2,800 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

PKO Investment Management Joint Stock Co lowered its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 16.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,100 shares of the company’s stock after selling 2,800 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Archer-Daniels-Midland were worth $677,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland in the 4th quarter worth approximately $25,000. CoreFirst Bank & Trust purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $30,000. OFI Invest Asset Management bought a new stake in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $35,000. NBC Securities Inc. purchased a new stake in shares of Archer-Daniels-Midland in the 1st quarter valued at $37,000. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Archer-Daniels-Midland by 43.4% during the 1st 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 last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ADM. Barclays lowered 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. Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. UBS Group upgraded Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Finally, Citigroup lowered their price objective on 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. Two 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $52.00.

Archer-Daniels-Midland Stock Up 4.3%

NYSE ADM opened at $54.21 on Tuesday. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The stock has a market capitalization of $26.05 billion, a PE ratio of 15.02, a PEG ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The business’s 50-day moving average is $48.15 and its 200 day moving average is $48.62.

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

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders 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 yield of 3.76%. 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.