US Bancorp DE Sells 438 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

US Bancorp DE decreased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,718 shares of the company’s stock after selling 438 shares during the quarter. US Bancorp DE’s holdings in Archer-Daniels-Midland were worth $4,937,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. AustralianSuper Pty Ltd lifted its position in shares of Archer-Daniels-Midland by 26.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock worth $87,409,000 after buying an additional 360,844 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $8,677,000. Kieckhefer Group LLC purchased a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $2,339,000. Empower Advisory Group LLC increased its stake in shares of Archer-Daniels-Midland by 6.4% during the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock worth $68,011,000 after purchasing an additional 68,133 shares during the last quarter. Finally, Alberta Investment Management Corp increased its stake in shares of Archer-Daniels-Midland by 49.7% during the 4th quarter. Alberta Investment Management Corp now owns 55,680 shares of the company’s stock worth $2,813,000 after purchasing an additional 18,480 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $45.82 on Thursday. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The company has a market capitalization of $21.98 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a fifty day moving average of $48.90 and a 200-day moving average of $53.69.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the previous year, the firm posted $1.36 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a $0.51 dividend. The ex-dividend date is Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.45%. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

Archer-Daniels-Midland announced that its board has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

ADM has been the subject of several research analyst reports. Barclays decreased their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Morgan Stanley decreased their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Bank of America reduced their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Finally, Stephens reduced their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $54.89.

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.