Flagship Harbor Advisors LLC Sells 909 Shares of Archer Daniels Midland Company (NYSE:ADM)

Flagship Harbor Advisors LLC lessened its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 15.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,825 shares of the company’s stock after selling 909 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Archer Daniels Midland were worth $232,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Archer Daniels Midland during the 4th quarter valued at about $25,000. CoreFirst Bank & Trust purchased a new stake in Archer Daniels Midland in the fourth quarter worth $30,000. ORG Partners LLC lifted its holdings in Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company’s stock valued at $34,000 after purchasing an additional 523 shares during the last quarter. OFI Invest Asset Management bought a new position in Archer Daniels Midland in the 4th quarter worth approximately $35,000. Finally, NBC Securities Inc. bought a new stake in Archer Daniels Midland during the 1st quarter valued at $37,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ADM shares. Bank of America cut Archer Daniels Midland from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. UBS Group upgraded Archer Daniels Midland from a “neutral” rating to a “buy” rating and upped their price target for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Finally, Citigroup cut their price objective 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. Two investment 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $52.00.

Archer Daniels Midland Stock Up 1.7%

Shares of ADM opened at $53.18 on Friday. The firm has a market cap of $25.55 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.91 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. The stock has a 50 day simple moving average of $49.38 and a two-hundred day simple moving average of $48.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The business 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 firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. On average, analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share 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 issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland’s dividend payout ratio is 72.86%.

About Archer Daniels Midland

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.