Archer Daniels Midland Company (NYSE:ADM) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 21.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,252 shares of the company’s stock after selling 3,517 shares during the quarter. Fifth Third Bancorp’s holdings in Archer Daniels Midland were worth $636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in 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 position in Archer Daniels Midland during the 4th quarter worth $30,000. OFI Invest Asset Management acquired a new position in Archer Daniels Midland during the 4th quarter worth $35,000. NBC Securities Inc. acquired a new position in Archer Daniels Midland during the 1st quarter worth $37,000. Finally, Capital Advisors Ltd. LLC boosted its position in Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock worth $38,000 after acquiring an additional 237 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Down 0.0%

Shares of Archer Daniels Midland stock opened at $54.15 on Wednesday. The stock’s fifty day moving average is $48.35 and its 200-day moving average is $48.66. The firm has a market capitalization of $26.02 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. 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 announced its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The company 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 8.71% and a net margin of 1.63%. Archer Daniels Midland’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.46 earnings per share. Equities analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued 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 3.77%. Archer Daniels Midland’s dividend payout ratio is 72.86%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ADM shares. Bank of America lowered 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. UBS Group raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Barclays dropped their price objective on Archer Daniels Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Finally, Citigroup dropped their price objective on 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.