International Assets Investment Management LLC Reduces Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

International Assets Investment Management LLC trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 98.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,930 shares of the company's stock after selling 194,886 shares during the period. International Assets Investment Management LLC's holdings in Archer-Daniels-Midland were worth $245,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. City State Bank raised its holdings in Archer-Daniels-Midland by 58.5% during the first quarter. City State Bank now owns 2,060 shares of the company's stock worth $129,000 after acquiring an additional 760 shares in the last quarter. MJP Associates Inc. ADV raised its holdings in Archer-Daniels-Midland by 11.4% during the first quarter. MJP Associates Inc. ADV now owns 3,874 shares of the company's stock worth $243,000 after acquiring an additional 397 shares in the last quarter. Rockland Trust Co. bought a new stake in Archer-Daniels-Midland during the first quarter worth about $632,000. Gulf International Bank UK Ltd raised its holdings in Archer-Daniels-Midland by 0.5% during the first quarter. Gulf International Bank UK Ltd now owns 46,729 shares of the company's stock worth $2,935,000 after acquiring an additional 231 shares in the last quarter. Finally, RFG Advisory LLC bought a new stake in Archer-Daniels-Midland during the first quarter worth about $208,000. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock traded down $0.04 on Thursday, hitting $60.63. The stock had a trading volume of 2,300,406 shares, compared to its average volume of 5,316,240. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The business's 50 day moving average is $61.02 and its two-hundred day moving average is $61.51. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35. The stock has a market cap of $29.98 billion, a price-to-earnings ratio of 10.66 and a beta of 0.75.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion during the quarter, compared to analysts' expectations of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The firm's revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.09 earnings per share. Analysts forecast that Archer-Daniels-Midland Company will post 5.62 EPS for the current year.

Archer-Daniels-Midland announced that its board has authorized a stock repurchase program on Tuesday, March 12th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to repurchase up to 6.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Wednesday, May 15th. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 35.09%.

Insider Activity at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the business's stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the sale, the insider now directly owns 8,555 shares in the company, valued at $519,545.15. The sale was disclosed in a filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADM has been the topic of several analyst reports. Citigroup upped their target price on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 3rd. Jefferies Financial Group lowered their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a "hold" rating on the stock in a research report on Wednesday, March 13th. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 13th. Finally, Bank of America lowered their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a "neutral" rating on the stock in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.50.

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.