Archer Daniels Midland Company (NYSE:ADM) Shares Sold by Pointe Capital Management LLC

Pointe Capital Management LLC trimmed its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 6.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,262 shares of the company’s stock after selling 495 shares during the period. Pointe Capital Management LLC’s holdings in Archer Daniels Midland were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ADM. S.A. Mason LLC acquired a new stake in shares of Archer Daniels Midland during the first quarter worth $25,000. CoreFirst Bank & Trust acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth $30,000. ORG Partners LLC raised its holdings in shares of Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company’s stock worth $34,000 after purchasing an additional 523 shares during the period. NBC Securities Inc. acquired a new stake in shares of Archer Daniels Midland during the first quarter worth $37,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock worth $38,000 after purchasing an additional 237 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $54.97 on Friday. The firm has a 50-day moving average price of $50.77 and a 200 day moving average price of $48.95. The firm has a market capitalization of $26.41 billion, a PE ratio of 19.63, a P/E/G ratio of 3.07 and a beta of 0.69. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. Archer Daniels Midland’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 EPS. On average, sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 3.71%. Archer Daniels Midland’s dividend payout ratio is presently 72.86%.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of research reports. Citigroup dropped their target price on shares of Archer Daniels Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Barclays upped their price target on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 2nd. UBS Group upgraded shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Finally, Bank of America lowered shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Archer Daniels Midland currently has an average rating of “Hold” and an average price target of $52.25.

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.