Public Employees Retirement Association of Colorado Cuts Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ceeto Capital Group LLC purchased a new position in Archer-Daniels-Midland in the first quarter worth $647,000. Price T Rowe Associates Inc. MD grew its holdings in Archer-Daniels-Midland by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 734,301 shares of the company’s stock worth $46,123,000 after purchasing an additional 7,681 shares during the last quarter. BOKF NA lifted its stake in shares of Archer-Daniels-Midland by 7.4% during the first quarter. BOKF NA now owns 8,670 shares of the company’s stock worth $541,000 after buying an additional 598 shares during the period. LRI Investments LLC acquired a new stake in shares of Archer-Daniels-Midland during the first quarter worth $341,000. Finally, 1832 Asset Management L.P. lifted its stake in shares of Archer-Daniels-Midland by 52.1% during the first quarter. 1832 Asset Management L.P. now owns 47,631 shares of the company’s stock worth $2,992,000 after buying an additional 16,318 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded down $0.50 on Monday, reaching $63.48. 1,519,159 shares of the company were exchanged, compared to its average volume of 4,996,453. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.29. The company has a market cap of $31.39 billion, a price-to-earnings ratio of 11.22 and a beta of 0.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. The business has a 50-day moving average price of $61.91 and a 200 day moving average price of $59.98.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.11. The company had revenue of $21.85 billion during the quarter, compared to analysts’ expectations of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. Archer-Daniels-Midland’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 EPS. Equities research analysts forecast that Archer-Daniels-Midland Company will post 5.54 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Activity

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the sale, the insider now owns 8,555 shares of the company’s stock, valued at approximately $519,545.15. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

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.