Brown Advisory Inc. Trims Position in Archer Daniels Midland Company (NYSE:ADM)

Brown Advisory Inc. cut its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,427 shares of the company’s stock after selling 527 shares during the period. Brown Advisory Inc.’s holdings in Archer Daniels Midland were worth $741,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ADM. Capital Advisors Ltd. LLC boosted its holdings in Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock worth $38,000 after acquiring an additional 237 shares in the last quarter. Sagespring Wealth Partners LLC boosted its holdings in Archer Daniels Midland by 4.1% in the first quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company’s stock worth $289,000 after acquiring an additional 239 shares in the last quarter. Stolper Co boosted its holdings in Archer Daniels Midland by 0.8% in the first quarter. Stolper Co now owns 33,691 shares of the company’s stock worth $1,618,000 after acquiring an additional 275 shares in the last quarter. Horizon Investments LLC boosted its holdings in Archer Daniels Midland by 3.5% in the fourth quarter. Horizon Investments LLC now owns 8,529 shares of the company’s stock worth $431,000 after acquiring an additional 285 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in Archer Daniels Midland by 6.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company’s stock worth $254,000 after acquiring an additional 326 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays upped their price target on Archer Daniels Midland from $48.00 to $50.00 and gave the company an “underweight” rating in a report on Wednesday, July 2nd. Bank of America downgraded Archer Daniels Midland from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $47.00 to $45.00 in a 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 report on Tuesday, April 15th. Finally, UBS Group raised 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 report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.25.

Archer Daniels Midland Stock Performance

NYSE:ADM opened at $54.36 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 0.81 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. The stock has a 50-day moving average price of $50.91 and a 200 day moving average price of $48.96. The stock has a market capitalization of $26.12 billion, a P/E ratio of 19.41, a P/E/G ratio of 3.07 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The firm had revenue of $20.18 billion during the quarter, compared to analysts’ expectations of $22.05 billion. During the same quarter last year, the business posted $1.46 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. Equities research analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland’s payout ratio 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.