Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Shelton Capital Management

Shelton Capital Management decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 26,870 shares of the company’s stock after selling 200 shares during the quarter. Shelton Capital Management’s holdings in Archer-Daniels-Midland were worth $2,030,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Athena Investment Management increased its holdings in shares of Archer-Daniels-Midland by 0.9% in the second quarter. Athena Investment Management now owns 13,857 shares of the company’s stock valued at $1,047,000 after purchasing an additional 121 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Archer-Daniels-Midland by 2.2% in the second quarter. Sequoia Financial Advisors LLC now owns 5,730 shares of the company’s stock valued at $433,000 after purchasing an additional 124 shares during the period. Vectors Research Management LLC increased its holdings in shares of Archer-Daniels-Midland by 0.8% in the first quarter. Vectors Research Management LLC now owns 16,928 shares of the company’s stock valued at $1,348,000 after purchasing an additional 136 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Archer-Daniels-Midland by 41.9% in the second quarter. Exchange Traded Concepts LLC now owns 491 shares of the company’s stock valued at $37,000 after purchasing an additional 145 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Archer-Daniels-Midland by 1.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,171 shares of the company’s stock valued at $1,130,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

Archer-Daniels-Midland Stock Up 0.1 %

ADM opened at $73.96 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 1.69. Archer-Daniels-Midland Company has a one year low of $69.31 and a one year high of $98.12. The business’s fifty day moving average is $74.48 and its two-hundred day moving average is $76.77. The company has a market cap of $39.45 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 1.60 and a beta of 0.83.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.10. Archer-Daniels-Midland had a return on equity of 16.63% and a net margin of 4.05%. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the business earned $1.86 earnings per share. The business’s revenue was down 12.1% on a year-over-year basis. Analysts anticipate that Archer-Daniels-Midland Company will post 7.26 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.43%. Archer-Daniels-Midland’s dividend payout ratio is currently 25.07%.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of analyst reports. Argus lifted their price target on Archer-Daniels-Midland from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Stephens decreased their price target on Archer-Daniels-Midland from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 25th. JPMorgan Chase & Co. decreased their price target on Archer-Daniels-Midland from $77.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 25th. Morgan Stanley decreased their price target on Archer-Daniels-Midland from $87.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Monday, October 30th. Finally, StockNews.com started coverage on Archer-Daniels-Midland in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Archer-Daniels-Midland presently has an average rating of “Moderate Buy” and an average target price of $92.90.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.