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

Yousif Capital Management LLC trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 185,393 shares of the company’s stock after selling 7,221 shares during the period. Yousif Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $9,366,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Lake Street Advisors Group LLC boosted its stake in shares of Archer-Daniels-Midland by 4.8% in the third quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock valued at $240,000 after purchasing an additional 183 shares during the period. OLD National Bancorp IN lifted its holdings in Archer-Daniels-Midland by 0.9% during the 3rd quarter. OLD National Bancorp IN now owns 20,648 shares of the company’s stock worth $1,234,000 after buying an additional 189 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Archer-Daniels-Midland by 3.4% in the third quarter. UMB Bank n.a. now owns 5,830 shares of the company’s stock worth $348,000 after acquiring an additional 194 shares in the last quarter. NorthCrest Asset Manangement LLC raised its stake in shares of Archer-Daniels-Midland by 4.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company’s stock valued at $306,000 after acquiring an additional 201 shares in the last quarter. Finally, West Financial Advisors LLC boosted its holdings in Archer-Daniels-Midland by 10.1% in the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock valued at $111,000 after purchasing an additional 201 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $46.44 on Thursday. The company has a fifty day moving average of $51.24 and a two-hundred day moving average of $55.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. Archer-Daniels-Midland Company has a 1 year low of $45.14 and a 1 year high of $66.08. The company has a market capitalization of $22.22 billion, a PE ratio of 13.27 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.96% and a net margin of 2.07%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 earnings per share. As a group, analysts expect that Archer-Daniels-Midland Company will post 4.72 earnings per share for the current year.

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

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.51 per share. 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 4.39%. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ADM shares. Morgan Stanley reduced their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $63.00 to $54.00 in a research note on Tuesday, January 14th. Citigroup raised their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Barclays lowered their target price on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Finally, Stephens cut their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.33.

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.