Farther Finance Advisors LLC Decreases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Farther Finance Advisors LLC trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 15.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,183 shares of the company’s stock after selling 1,529 shares during the quarter. Farther Finance Advisors LLC’s holdings in Archer-Daniels-Midland were worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ADM. Fairway Wealth LLC acquired a new position in Archer-Daniels-Midland during the 4th quarter valued at approximately $25,000. CoreFirst Bank & Trust acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth about $30,000. OFI Invest Asset Management purchased a new stake in Archer-Daniels-Midland during the 4th quarter valued at about $35,000. NBC Securities Inc. acquired a new position in shares of Archer-Daniels-Midland in the first quarter valued at about $37,000. Finally, Operose Advisors LLC lifted its holdings in shares of Archer-Daniels-Midland by 328.8% during the fourth quarter. Operose Advisors LLC now owns 879 shares of the company’s stock worth $44,000 after purchasing an additional 674 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Trading Up 4.3%

ADM opened at $54.21 on Tuesday. 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 company’s 50 day simple moving average is $48.15 and its two-hundred day simple moving average is $48.62. The firm has a market capitalization of $26.05 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results 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. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $20.18 billion during the quarter, compared to analysts’ expectations of $22.05 billion. During the same period in the prior year, the business posted $1.46 EPS. The company’s revenue was down 7.7% compared to the same quarter last year. Analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 72.86%.

Analyst Upgrades and Downgrades

ADM has been the topic of several recent research reports. UBS Group upgraded Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Bank of America cut Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Citigroup lowered their price target on 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. Finally, Barclays cut their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and an average target price of $52.00.

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.