Yousif Capital Management LLC Has $9.93 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Yousif Capital Management LLC increased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 11.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 206,897 shares of the company’s stock after purchasing an additional 21,504 shares during the quarter. Yousif Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $9,933,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Park Avenue Securities LLC grew its stake in shares of Archer-Daniels-Midland by 22.2% in the 1st quarter. Park Avenue Securities LLC now owns 11,015 shares of the company’s stock valued at $529,000 after buying an additional 1,999 shares during the period. Gateway Investment Advisers LLC boosted its stake in Archer-Daniels-Midland by 19.4% during the 1st quarter. Gateway Investment Advisers LLC now owns 27,752 shares of the company’s stock valued at $1,332,000 after purchasing an additional 4,516 shares during the last quarter. Butensky & Cohen Financial Security Inc. boosted its stake in Archer-Daniels-Midland by 4.0% during the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 62,954 shares of the company’s stock valued at $3,022,000 after purchasing an additional 2,399 shares during the last quarter. Procyon Advisors LLC acquired a new position in Archer-Daniels-Midland during the 1st quarter valued at about $725,000. Finally, Curat Global LLC acquired a new position in Archer-Daniels-Midland during the 1st quarter valued at about $130,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Up 1.6%

NYSE:ADM opened at $48.65 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $23.37 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The firm’s 50 day moving average is $47.46 and its 200 day moving average is $48.74. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08.

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

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.19%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 72.86%.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of analyst reports. Morgan Stanley cut their price target on 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. UBS Group raised shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Barclays dropped their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Citigroup dropped their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.00.

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.