Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. trimmed its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 8.4% in the second quarter, Holdings Channel reports. The fund owned 8,565 shares of the company’s stock after selling 785 shares during the period. Raymond James Trust N.A.’s holdings in Archer-Daniels-Midland were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ADM. NBC Securities Inc. grew its position in Archer-Daniels-Midland by 9.6% in the 1st quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock valued at $114,000 after buying an additional 159 shares during the last quarter. Quent Capital LLC grew its holdings in Archer-Daniels-Midland by 8.2% during the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock worth $130,000 after acquiring an additional 164 shares during the period. Accordant Advisory Group Inc lifted its holdings in Archer-Daniels-Midland by 0.8% in the second quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock valued at $1,418,000 after acquiring an additional 176 shares during the period. CHICAGO TRUST Co NA grew its stake in shares of Archer-Daniels-Midland by 4.4% during the 1st quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock worth $264,000 after purchasing an additional 177 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in Archer-Daniels-Midland by 0.7% during the first quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock worth $1,577,000 after buying an additional 178 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.62.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $60.76 on Tuesday. The business has a fifty day simple moving average of $61.28 and a 200-day simple moving average of $60.09. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $81.87. The company has a market cap of $30.04 billion, a P/E ratio of 10.66 and a beta of 0.74. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same period in the prior year, the business posted $1.89 earnings per share. Archer-Daniels-Midland’s revenue was down 11.7% on a year-over-year basis. Equities research analysts forecast that Archer-Daniels-Midland Company will post 5.41 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. Archer-Daniels-Midland’s payout ratio is 35.09%.

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.