Sunbelt Securities Inc. Sells 262 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Sunbelt Securities Inc. lowered its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 7.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,397 shares of the company’s stock after selling 262 shares during the period. Sunbelt Securities Inc.’s holdings in Archer-Daniels-Midland were worth $213,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in Archer-Daniels-Midland by 22.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 26,125 shares of the company’s stock valued at $1,970,000 after purchasing an additional 4,759 shares during the last quarter. Toronto Dominion Bank lifted its stake in Archer-Daniels-Midland by 10.6% in the third quarter. Toronto Dominion Bank now owns 310,789 shares of the company’s stock worth $23,440,000 after acquiring an additional 29,862 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in Archer-Daniels-Midland in the third quarter valued at $703,000. Schonfeld Strategic Advisors LLC increased its position in Archer-Daniels-Midland by 417.8% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 66,195 shares of the company’s stock valued at $4,992,000 after purchasing an additional 53,411 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Archer-Daniels-Midland by 80.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,137,404 shares of the company’s stock worth $85,783,000 after purchasing an additional 506,356 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of 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 target price on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, March 13th. Bank of America reduced their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Finally, Citigroup raised their price objective on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. 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, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland Stock Down 0.3 %

Shares of Archer-Daniels-Midland stock opened at $60.45 on Friday. The company has a 50-day simple moving average of $60.95 and a two-hundred day simple moving average of $61.41. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. The stock has a market capitalization of $29.89 billion, a PE ratio of 10.61 and a beta of 0.75.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data 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 for 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 quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.09 EPS. On average, analysts anticipate that Archer-Daniels-Midland Company will post 5.62 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Archer-Daniels-Midland declared that its board has authorized a share repurchase plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, May 22nd. The shares were 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Company 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.