First Horizon Advisors Inc. Sells 5,727 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

First Horizon Advisors Inc. decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 71.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,279 shares of the company’s stock after selling 5,727 shares during the period. First Horizon Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $132,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Archer-Daniels-Midland by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 56,735,084 shares of the company’s stock worth $3,438,146,000 after buying an additional 580,164 shares during the period. BlackRock Inc. increased its position in shares of Archer-Daniels-Midland by 3.7% in the second quarter. BlackRock Inc. now owns 39,043,689 shares of the company’s stock worth $2,366,045,000 after purchasing an additional 1,380,332 shares during the period. State Street Corp increased its position in shares of Archer-Daniels-Midland by 1.2% in the second quarter. State Street Corp now owns 31,253,416 shares of the company’s stock worth $1,893,957,000 after purchasing an additional 385,181 shares during the period. Geode Capital Management LLC increased its position in shares of Archer-Daniels-Midland by 2.1% in the second quarter. Geode Capital Management LLC now owns 9,817,277 shares of the company’s stock worth $593,263,000 after purchasing an additional 198,440 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Archer-Daniels-Midland by 95.7% in the third quarter. Nordea Investment Management AB now owns 8,088,655 shares of the company’s stock worth $491,548,000 after purchasing an additional 3,954,805 shares during the period. Hedge funds and other institutional investors own 77.93% of the company’s stock.

Shares of ADM stock opened at $71.55 on Friday. The business’s 50-day moving average price is $66.03 and its 200-day moving average price is $62.80. Archer-Daniels-Midland Company has a 12 month low of $49.28 and a 12 month high of $71.67. The firm has a market capitalization of $40.03 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.79 and a beta of 0.89. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Monday, October 25th. The company reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.08. Archer-Daniels-Midland had a return on equity of 13.11% and a net margin of 3.26%. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $17.93 billion. During the same period last year, the firm posted $0.89 earnings per share. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. On average, sell-side analysts predict that Archer-Daniels-Midland Company will post 4.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 8th. Investors of record on Wednesday, November 17th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Tuesday, November 16th. Archer-Daniels-Midland’s dividend payout ratio is currently 31.97%.

ADM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Archer-Daniels-Midland in a research report on Wednesday. They issued a “hold” rating and a $74.00 price target on the stock. Barclays raised their price target on Archer-Daniels-Midland from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, December 13th. Morgan Stanley raised their price objective on Archer-Daniels-Midland from $67.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday. Argus raised their price objective on Archer-Daniels-Midland from $72.00 to $74.00 in a research note on Monday, January 3rd. Finally, Stephens lowered Archer-Daniels-Midland from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $65.00 to $67.00 in a research note on Tuesday, October 12th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $68.92.

In related news, SVP D Cameron Findlay sold 99,503 shares of Archer-Daniels-Midland stock in a transaction that occurred on Monday, November 1st. The stock was sold at an average price of $63.73, for a total value of $6,341,326.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

About Archer-Daniels-Midland

Archer-Daniels-Midland Co processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.

Featured Article: What is a management fee?

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADM).

Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.