National Bank of Canada FI Sells 37,749 Shares of Archer Daniels Midland Company (NYSE:ADM)

Key Points

• National Bank of Canada FI reduced its holdings in Archer Daniels Midland Company by 11.4%, selling 37,749 shares and leaving it with approximately 0.06% ownership valued at $14 million.
• Archer Daniels Midland recently reported $0.93 earnings per share (EPS) for the last quarter, exceeding the estimate of $0.88, despite revenue falling 4.9% year-over-year.
• The company announced a quarterly dividend of $0.51, scheduled for payment on September 10th, representing a 3.5% yield based on its current share price.

National Bank of Canada FI trimmed its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 11.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 292,126 shares of the company's stock after selling 37,749 shares during the period. National Bank of Canada FI owned about 0.06% of Archer Daniels Midland worth $14,024,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. S.A. Mason LLC bought a new stake in Archer Daniels Midland in the first quarter valued at $25,000. Headlands Technologies LLC bought a new stake in Archer Daniels Midland in the first quarter valued at $25,000. ORG Partners LLC grew its position in Archer Daniels Midland by 297.2% in the first quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after acquiring an additional 523 shares during the period. NBC Securities Inc. bought a new stake in Archer Daniels Midland in the first quarter valued at $37,000. Finally, Capital Advisors Ltd. LLC grew its position in Archer Daniels Midland by 43.4% in the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after acquiring an additional 237 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $58.32 on Tuesday. The business's 50-day simple moving average is $53.55 and its 200 day simple moving average is $49.63. The stock has a market cap of $28.02 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 3.08 and a beta of 0.68. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $62.61. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.05. The business had revenue of $21.17 billion for 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 firm's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. As a group, research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 annualized dividend and a yield of 3.5%. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ADM shares. UBS Group reiterated a "buy" rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday. Citigroup decreased their target price 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. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $53.29.

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.

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