LSV Asset Management Sells 71,290 Shares of Archer Daniels Midland Company (NYSE:ADM)

Key Points

• LSV Asset Management reduced its stake in Archer Daniels Midland Company by 3% during the first quarter, now holding approximately $110.49 million worth of shares.
• Archer Daniels Midland recently reported an earnings per share (EPS) of $0.70, which surpassed analysts' expectations of $0.69 despite a 7.7% decline in revenue over the past year.
• The company announced a quarterly dividend of $0.51 per share, reflecting an annual yield of 3.8% and a payout ratio of 72.86%.

LSV Asset Management cut its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,301,289 shares of the company's stock after selling 71,290 shares during the period. LSV Asset Management owned about 0.48% of Archer Daniels Midland worth $110,485,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. S.A. Mason LLC bought a new position in Archer Daniels Midland in the 1st quarter worth $25,000. ORG Partners LLC boosted its holdings in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after purchasing an additional 523 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Archer Daniels Midland during the 1st quarter valued at about $37,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after purchasing an additional 237 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Archer Daniels Midland by 109.8% during the 1st quarter. Golden State Wealth Management LLC now owns 839 shares of the company's stock valued at $40,000 after purchasing an additional 439 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ADM shares. Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $50.00 to $61.00 in a report on Wednesday. Citigroup decreased their target price on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their target price for the company from $55.00 to $60.00 in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Archer Daniels Midland presently has an average rating of "Hold" and an average price target of $51.86.

Archer Daniels Midland Trading Up 0.5%

Archer Daniels Midland stock traded up $0.30 during midday trading on Thursday, reaching $57.03. The stock had a trading volume of 415,264 shares, compared to its average volume of 3,971,795. The company has a quick ratio of 0.81, a current ratio of 11.03 and a debt-to-equity ratio of 0.37. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $62.61. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 3.24 and a beta of 0.68. The company has a fifty day moving average of $52.97 and a 200 day moving average of $49.50.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. The business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. On average, analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

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.