Stifel Financial Corp Reduces Position in Archer-Daniels-Midland Company (ADM)
Stifel Financial Corp lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,759 shares of the company’s stock after selling 3,835 shares during the period. Stifel Financial Corp’s holdings in Archer-Daniels-Midland were worth $9,627,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in shares of Archer-Daniels-Midland by 30.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 52,439 shares of the company’s stock valued at $2,414,000 after buying an additional 12,205 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Archer-Daniels-Midland by 3.2% in the first quarter. Pacer Advisors Inc. now owns 11,072 shares of the company’s stock worth $510,000 after acquiring an additional 343 shares during the period. Nordea Investment Management AB grew its holdings in shares of Archer-Daniels-Midland by 1.6% in the first quarter. Nordea Investment Management AB now owns 28,840 shares of the company’s stock worth $1,328,000 after acquiring an additional 450 shares during the period. Private Advisor Group LLC bought a new stake in shares of Archer-Daniels-Midland in the first quarter worth $620,000. Finally, Aberdeen Asset Management PLC UK grew its holdings in shares of Archer-Daniels-Midland by 0.3% in the first quarter. Aberdeen Asset Management PLC UK now owns 765,304 shares of the company’s stock worth $35,235,000 after acquiring an additional 2,087 shares during the period. 72.86% of the stock is owned by institutional investors and hedge funds.
Shares of Archer-Daniels-Midland Company (ADM) opened at 42.72 on Wednesday. The company has a market cap of $24.03 billion, a price-to-earnings ratio of 18.06 and a beta of 1.12. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88. The firm’s 50-day moving average price is $42.53 and its 200 day moving average price is $42.76.
Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The firm had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, analysts predict that Archer-Daniels-Midland Company will post $2.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio is presently 53.78%.
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A number of analysts recently commented on the company. BMO Capital Markets reiterated a “hold” rating and set a $41.00 price objective on shares of Archer-Daniels-Midland in a research report on Tuesday, June 27th. Zacks Investment Research raised Archer-Daniels-Midland from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Citigroup Inc. reissued a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. Credit Suisse Group set a $45.00 target price on Archer-Daniels-Midland and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus restated a “hold” rating and set a $40.00 price target (down from $41.00) on shares of Archer-Daniels-Midland in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $44.31.
Archer-Daniels-Midland Company Profile
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