Mizuho Securities USA LLC Has $1.84 Million Stock Holdings in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Mizuho Securities USA LLC reduced its stake in Archer Daniels Midland Company (NYSE: ADM) by 15.4% after selling 7,001 shares, bringing their total holdings to 38,316 shares valued at $1,840,000.
• Archer Daniels Midland reported $0.93 earnings per share for the last quarter, exceeding the consensus estimate of $0.88, despite a 4.9% year-over-year revenue decline.
• The company has declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 3.5% and a payout ratio of 89.87%.

Mizuho Securities USA LLC decreased its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,316 shares of the company's stock after selling 7,001 shares during the quarter. Mizuho Securities USA LLC's holdings in Archer Daniels Midland were worth $1,840,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake 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 worth $838,030,000 after purchasing an additional 13,579,379 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in shares of Archer Daniels Midland by 56.8% during the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock valued at $117,658,000 after acquiring an additional 843,662 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Archer Daniels Midland by 20.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock valued at $212,825,000 after purchasing an additional 727,675 shares during the last quarter. GAMMA Investing LLC increased its holdings in Archer Daniels Midland by 7,238.2% in the first quarter. GAMMA Investing LLC now owns 538,768 shares of the company's stock valued at $258,660,000 after purchasing an additional 531,426 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Archer Daniels Midland by 18.0% in the fourth quarter. ProShare Advisors LLC now owns 3,410,560 shares of the company's stock valued at $172,301,000 after purchasing an additional 520,615 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Analysts Set New Price Targets

ADM has been the subject of several recent analyst reports. Bank of America downgraded 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 report on Thursday, May 8th. Morgan Stanley increased their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, UBS Group reaffirmed a "buy" rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $54.71.

Archer Daniels Midland Stock Performance

Shares of ADM traded up $0.25 during mid-day trading on Friday, reaching $59.57. The company's stock had a trading volume of 1,217,721 shares, compared to its average volume of 3,961,813. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $62.61. The stock has a market cap of $28.62 billion, a P/E ratio of 26.21, a PEG ratio of 3.18 and a beta of 0.68. The business has a 50-day simple moving average of $54.27 and a two-hundred day simple moving average of $49.81. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

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

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is currently 89.87%.

About Archer Daniels Midland

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.