Public Employees Retirement Association of Colorado Sells 3,179 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Public Employees Retirement Association of Colorado reduced its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,051 shares of the company’s stock after selling 3,179 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Archer-Daniels-Midland were worth $4,840,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Archer-Daniels-Midland by 12.1% in the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock worth $4,260,165,000 after acquiring an additional 7,320,289 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Archer-Daniels-Midland by 11.1% during the fourth quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock worth $1,106,830,000 after buying an additional 1,532,284 shares during the period. First Trust Advisors LP boosted its position in shares of Archer-Daniels-Midland by 3.5% during the fourth quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock worth $468,591,000 after buying an additional 217,459 shares during the period. Norges Bank acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth about $420,457,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Archer-Daniels-Midland by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,043,862 shares of the company’s stock worth $292,050,000 after buying an additional 244,765 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $67.43.

Archer-Daniels-Midland Stock Performance

NYSE:ADM traded down $0.50 on Monday, hitting $63.48. The company’s stock had a trading volume of 1,519,159 shares, compared to its average volume of 4,996,453. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $61.91 and a two-hundred day moving average of $59.98. The firm has a market capitalization of $31.39 billion, a P/E ratio of 11.22 and a beta of 0.74. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.29.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. The company had revenue of $21.85 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $2.09 earnings per share. Research analysts predict that Archer-Daniels-Midland Company will post 5.54 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Insider Transactions at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the transaction, the insider now owns 8,555 shares of the company’s stock, valued at approximately $519,545.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by insiders.

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.