Scientech Research LLC Cuts Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Scientech Research LLC lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 13.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 23,478 shares of the company’s stock after selling 3,664 shares during the period. Scientech Research LLC’s holdings in Archer-Daniels-Midland were worth $1,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. grew its holdings in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after buying an additional 357 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the 4th quarter valued at approximately $28,000. Crews Bank & Trust purchased a new stake in Archer-Daniels-Midland during the 4th quarter valued at approximately $30,000. Finally, CoreFirst Bank & Trust purchased a new stake in Archer-Daniels-Midland during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 2.6%

NYSE:ADM opened at $50.15 on Friday. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The company has a market cap of $24.09 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The stock has a fifty day simple moving average of $47.14 and a 200-day simple moving average of $49.35. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. During the same period last year, the company earned $1.46 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.07%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 72.86%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stephens cut their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Morgan Stanley cut their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Citigroup cut their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Finally, Barclays cut their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus target price of $52.50.

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.