US Bancorp DE Sells 10,587 Shares of Archer Daniels Midland Company $ADM

Key Points

• US Bancorp DE reduced its stake in Archer Daniels Midland Company by 11.4%, selling 10,587 shares, leaving it with a total of 82,407 shares valued at approximately $4.35 million.
• Archer Daniels Midland stock is currently priced at $61.58 with a market cap of $29.59 billion, having shown a 1.2% increase recently.
• The company announced a quarterly dividend of $0.51 per share, yielding 3.3%, with a payout ratio of 89.87%.

US Bancorp DE lessened its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 11.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,407 shares of the company's stock after selling 10,587 shares during the period. US Bancorp DE's holdings in Archer Daniels Midland were worth $4,349,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ADM. S.A. Mason LLC bought a new stake in Archer Daniels Midland in the 1st quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in Archer Daniels Midland in the 1st quarter worth approximately $25,000. SOA Wealth Advisors LLC. bought a new stake in Archer Daniels Midland in the 2nd quarter worth approximately $25,000. ORG Partners LLC grew its position in Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after purchasing an additional 523 shares during the period. Finally, Pandora Wealth Inc. bought a new stake in shares of Archer Daniels Midland during the 1st quarter valued at $39,000. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Up 1.2%

Shares of ADM stock opened at $61.58 on Tuesday. The stock has a market cap of $29.59 billion, a P/E ratio of 27.13, a PEG ratio of 3.24 and a beta of 0.70. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.38. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The company's fifty day simple moving average is $60.92 and its two-hundred day simple moving average is $53.95.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The business had revenue of $21.70 billion for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. Analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio is currently 89.87%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ADM shares. Weiss Ratings reissued a "hold (c)" rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price objective for the company. UBS Group reissued a "buy" rating and set a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $55.50.

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.

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