Yousif Capital Management LLC Reduces Stake in Archer Daniels Midland Company $ADM

Yousif Capital Management LLC decreased its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 0.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 205,400 shares of the company’s stock after selling 1,497 shares during the period. Yousif Capital Management LLC’s holdings in Archer Daniels Midland were worth $10,841,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bell Bank lifted its holdings in Archer Daniels Midland by 11.0% during the 1st quarter. Bell Bank now owns 167,536 shares of the company’s stock worth $8,043,000 after purchasing an additional 16,558 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Archer Daniels Midland by 10.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock worth $26,863,000 after purchasing an additional 49,954 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Archer Daniels Midland during the 1st quarter worth about $333,000. Perpetual Ltd purchased a new stake in Archer Daniels Midland during the 2nd quarter worth about $227,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Archer Daniels Midland by 18.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company’s stock valued at $8,042,000 after acquiring an additional 26,328 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock opened at $61.58 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $29.59 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.24 and a beta of 0.70. The business’s 50-day moving average price is $60.92 and its 200-day moving average price is $53.95. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.38.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The firm had revenue of $21.70 billion for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. Sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 89.87%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. UBS Group reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price target on the stock. Finally, Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.50.

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.