Yousif Capital Management LLC Lowers Position in Archer-Daniels-Midland Company (NYSE:ADM)

Yousif Capital Management LLC reduced its position in Archer-Daniels-Midland Company (NYSE:ADM) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of 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. Citigroup increased their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday. Barclays decreased their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Finally, Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.33.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $46.44 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The stock has a market cap of $22.22 billion, a P/E ratio of 13.27 and a beta of 0.72. The company has a 50-day moving average price of $51.24 and a 200 day moving average price of $55.69. Archer-Daniels-Midland Company has a 12-month low of $45.14 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly 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 firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.07% and a return on equity of 10.96%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. Sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.72 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.51 dividend. This is a positive change 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 payout ratio is 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.