Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Trimmed by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,720 shares of the company’s stock after selling 465 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Archer-Daniels-Midland were worth $1,113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Orion Capital Management LLC acquired a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $28,000. Tompkins Financial Corp bought a new stake in Archer-Daniels-Midland during the third quarter worth approximately $28,000. Rise Advisors LLC acquired a new stake in Archer-Daniels-Midland in the first quarter worth approximately $34,000. EdgeRock Capital LLC bought a new position in Archer-Daniels-Midland during the 4th quarter valued at $35,000. Finally, Sachetta LLC acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at $38,000. 78.28% of the stock is currently owned by institutional investors.

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 dated 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 sale, the insider now directly owns 8,555 shares in the company, valued at approximately $519,545.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $60.45 on Monday. The business’s 50-day moving average is $60.95 and its 200-day moving average is $61.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88. The company has a market capitalization of $29.89 billion, a price-to-earnings ratio of 10.61 and a beta of 0.75. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. The firm had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 EPS. Equities research analysts expect that Archer-Daniels-Midland Company will post 5.62 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its board has approved a stock buyback program on Tuesday, March 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ADM shares. Bank of America decreased their target price on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Citigroup boosted their target price on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. BMO Capital Markets reduced their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. Finally, Jefferies Financial Group cut their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. One investment 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 stock has a consensus rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland 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.