USS Investment Management Ltd Sells 11,987 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

USS Investment Management Ltd reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,755 shares of the company’s stock after selling 11,987 shares during the period. USS Investment Management Ltd’s holdings in Archer-Daniels-Midland were worth $3,877,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ADM. Fairway Wealth LLC bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth $25,000. Raleigh Capital Management Inc. raised its stake in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 357 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland during the 4th quarter valued at $28,000. Crews Bank & Trust acquired a new position in Archer-Daniels-Midland during the 4th quarter valued at $30,000. Finally, CoreFirst Bank & Trust acquired a new position in Archer-Daniels-Midland during the 4th quarter valued at $30,000. 78.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays cut their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Citigroup dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Finally, Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $52.00.

Archer-Daniels-Midland Stock Down 0.6%

Shares of NYSE ADM opened at $48.00 on Friday. The firm has a market capitalization of $23.06 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The firm’s 50-day moving average is $47.28 and its 200-day moving average is $49.19.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same quarter last year, the firm earned $1.46 EPS. Archer-Daniels-Midland’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.25%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland’s payout ratio is 72.86%.

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.