Yousif Capital Management LLC Acquires 21,504 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Yousif Capital Management LLC boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 11.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,897 shares of the company’s stock after purchasing an additional 21,504 shares during the period. Yousif Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $9,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Archer-Daniels-Midland by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company’s stock worth $3,150,390,000 after purchasing an additional 706,567 shares during the last quarter. Wellington Management Group LLP lifted its stake in Archer-Daniels-Midland by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock worth $1,068,626,000 after purchasing an additional 1,722,428 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Archer-Daniels-Midland by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company’s stock valued at $590,305,000 after acquiring an additional 247,647 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Archer-Daniels-Midland by 2.6% in the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company’s stock valued at $557,489,000 after acquiring an additional 275,792 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Archer-Daniels-Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock valued at $361,007,000 after acquiring an additional 1,420,625 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Performance

ADM stock opened at $48.65 on Wednesday. The stock has a 50-day moving average price of $47.46 and a 200-day moving average price of $48.74. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The firm has a market cap of $23.37 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same period in the previous year, the firm earned $1.46 earnings per share. The company’s revenue was down 7.7% compared to the same quarter last year. As a group, equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.19%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 72.86%.

Analyst Ratings Changes

A number of brokerages have recently commented on ADM. Citigroup dropped their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. UBS Group upgraded Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and increased their price target for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Morgan Stanley dropped their price target on 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. Bank of America cut Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Finally, Barclays dropped their price target on 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $52.00.

Archer-Daniels-Midland Company 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.