Monarch Capital Management Inc. Sells 341 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Monarch Capital Management Inc. decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,960 shares of the company’s stock after selling 341 shares during the quarter. Monarch Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. NBC Securities Inc. lifted its stake in shares of Archer-Daniels-Midland by 9.6% in the first quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock valued at $114,000 after buying an additional 159 shares in the last quarter. Quent Capital LLC lifted its position in Archer-Daniels-Midland by 8.2% in the 2nd quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after acquiring an additional 164 shares in the last quarter. Accordant Advisory Group Inc boosted its stake in Archer-Daniels-Midland by 0.8% during the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock valued at $1,418,000 after purchasing an additional 176 shares during the last quarter. CHICAGO TRUST Co NA increased its holdings in Archer-Daniels-Midland by 4.4% during the 1st quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock worth $264,000 after purchasing an additional 177 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Archer-Daniels-Midland by 0.7% in the first quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock worth $1,577,000 after purchasing an additional 178 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ADM shares. Citigroup decreased their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. JPMorgan Chase & Co. upped their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $64.62.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM traded up $1.25 during mid-day trading on Friday, reaching $60.50. The company had a trading volume of 1,713,156 shares, compared to its average volume of 4,758,868. The company’s 50-day moving average price is $61.27 and its 200-day moving average price is $59.98. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $81.87. The firm has a market cap of $29.91 billion, a price-to-earnings ratio of 10.61 and a beta of 0.74. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The firm had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. During the same period in the prior year, the company earned $1.89 EPS. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.41 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

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.