Archer Daniels Midland Company (NYSE:ADM) Position Trimmed by Praxis Investment Management Inc.

Praxis Investment Management Inc. reduced its holdings in Archer Daniels Midland Company (NYSE:ADM) by 13.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 21,820 shares of the company’s stock after selling 3,260 shares during the quarter. Praxis Investment Management Inc.’s holdings in Archer Daniels Midland were worth $1,048,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in Archer Daniels Midland during the fourth quarter worth about $333,521,000. Wellington Management Group LLP raised its position in shares of Archer Daniels Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock worth $1,068,626,000 after purchasing an additional 1,722,428 shares during the period. Invesco Ltd. lifted its holdings in shares of Archer Daniels Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock worth $361,007,000 after purchasing an additional 1,420,625 shares during the last quarter. Amundi boosted its position in Archer Daniels Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock valued at $123,340,000 after purchasing an additional 894,562 shares during the period. Finally, Voloridge Investment Management LLC grew its stake in Archer Daniels Midland by 56.8% during the 4th quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company’s stock worth $117,658,000 after buying an additional 843,662 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on ADM. Citigroup cut their target price on Archer Daniels Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Barclays reduced their target price on shares of Archer Daniels Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. UBS Group raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $60.00 in a report on Monday, May 19th. Finally, Bank of America lowered Archer Daniels Midland from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.00.

Archer Daniels Midland Stock Down 0.7%

ADM stock opened at $53.63 on Friday. The firm’s 50-day moving average is $48.89 and its two-hundred day moving average is $48.68. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $25.77 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 2.98 and a beta of 0.67. 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 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion for the quarter, compared to analysts’ expectations of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.46 earnings per share. On average, analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.80%. Archer Daniels Midland’s dividend payout ratio (DPR) is 72.86%.

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.