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

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

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland in the third quarter valued at $26,000. Peterson Financial Group Inc. acquired a new stake in Archer-Daniels-Midland in the third quarter valued at $28,000. Raleigh Capital Management Inc. increased its holdings in Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 357 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland in the fourth quarter valued at $28,000. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADM. Bank of America decreased their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Stephens decreased their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Barclays decreased their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Morgan Stanley decreased their price target on 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. Finally, Citigroup increased their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $54.89.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $45.82 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The stock has a 50-day moving average of $48.90 and a 200-day moving average of $53.69. The company has a market cap of $21.98 billion, a PE ratio of 12.69, a P/E/G ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08.

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

Archer-Daniels-Midland declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

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

Archer-Daniels-Midland Profile

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.