Archer Daniels Midland Company (NYSE:ADM) Shares Sold by Mizuho Markets Americas LLC

Key Points

• Mizuho Markets Americas LLC has reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 46.0%, now holding 25,598 shares valued at $1,229,000.
• Several institutional investors have changed their positions in ADM, with 78.28% of the company's stock now owned by hedge funds and other institutions.
• Analyst ratings for ADM show mixed sentiment; Barclays and UBS upgraded their ratings while Citigroup and Bank of America issued downwards revisions, resulting in an overall consensus rating of "Hold".

Mizuho Markets Americas LLC decreased its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 46.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,598 shares of the company's stock after selling 21,805 shares during the period. Mizuho Markets Americas LLC's holdings in Archer Daniels Midland were worth $1,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in Archer Daniels Midland by 350.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock valued at $838,030,000 after buying an additional 13,579,379 shares in the last quarter. Northern Trust Corp increased its stake in shares of Archer Daniels Midland by 2.6% during the fourth quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock worth $557,489,000 after purchasing an additional 275,792 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Archer Daniels Midland by 20.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock worth $212,825,000 after purchasing an additional 727,675 shares in the last quarter. FMR LLC increased its stake in shares of Archer Daniels Midland by 0.9% during the fourth quarter. FMR LLC now owns 4,017,104 shares of the company's stock worth $202,944,000 after purchasing an additional 37,237 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Archer Daniels Midland by 18.0% during the fourth quarter. ProShare Advisors LLC now owns 3,410,560 shares of the company's stock worth $172,301,000 after purchasing an additional 520,615 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Trading Down 1.0%

Shares of ADM stock traded down $0.62 during trading on Thursday, hitting $59.20. 1,621,166 shares of the stock traded hands, compared to its average volume of 3,966,863. The firm has a market capitalization of $28.44 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 3.11 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The firm's fifty day moving average price is $54.02 and its 200-day moving average price is $49.76. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $62.61.

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

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is currently 89.87%.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of research reports. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Morgan Stanley boosted their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, UBS Group restated a "buy" rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $54.71.

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.