Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 200,286 shares of the company's stock after selling 13,952 shares during the period. Stifel Financial Corp's holdings in Archer-Daniels-Midland were worth $10,118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ADM. MetLife Investment Management LLC grew its position in Archer-Daniels-Midland by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 126,529 shares of the company's stock worth $6,392,000 after buying an additional 2,227 shares during the period. Norinchukin Bank The increased its stake in Archer-Daniels-Midland by 5.8% in the 4th quarter. Norinchukin Bank The now owns 20,068 shares of the company's stock valued at $1,014,000 after purchasing an additional 1,102 shares in the last quarter. Ossiam raised its holdings in Archer-Daniels-Midland by 197.4% during the fourth quarter. Ossiam now owns 5,573 shares of the company's stock worth $282,000 after purchasing an additional 3,699 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth $1,914,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Archer-Daniels-Midland by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,830,900 shares of the company's stock valued at $143,012,000 after buying an additional 127,155 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Down 1.1 %

Shares of ADM stock opened at $48.24 on Monday. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The firm's 50-day simple moving average is $46.86 and its 200-day simple moving average is $50.14. The firm has a market cap of $23.14 billion, a P/E ratio of 13.36, a PEG ratio of 1.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $1.36 EPS. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid 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 dividend yield of 4.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is currently 56.51%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays lowered their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. Bank of America raised Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and reduced their target price for the company from $48.00 to $47.00 in a research note on Tuesday, April 15th. 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 report on Tuesday, February 11th. BMO Capital Markets decreased their price objective 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, February 5th. Finally, Stephens cut their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $52.75.

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.

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