Stifel Financial Corp Lowers Stake in Archer-Daniels-Midland Company (NYSE:ADM)

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in Archer-Daniels-Midland during the 4th quarter valued at $25,000. Raleigh Capital Management Inc. increased its stake in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after buying an additional 357 shares during the period. Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. raised its stake in shares of Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after acquiring an additional 500 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in Archer-Daniels-Midland during the 4th quarter worth $30,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

ADM stock traded up $0.24 during midday trading on Friday, reaching $47.82. The stock had a trading volume of 2,104,747 shares, compared to its average volume of 3,585,143. The firm has a fifty day simple moving average of $46.90 and a two-hundred day simple moving average of $49.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The stock has a market cap of $22.94 billion, a PE ratio of 13.25, a P/E/G ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 EPS. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.27%. Archer-Daniels-Midland's payout ratio is presently 56.51%.

Analyst Ratings Changes

Several analysts recently weighed in on ADM shares. Morgan Stanley decreased their price objective 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. Barclays cut 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 report on Monday, February 24th. BMO Capital Markets lowered their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Citigroup cut their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Bank of America raised Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and dropped their price objective for the company from $48.00 to $47.00 in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland currently 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.