Archer Daniels Midland Company (NYSE:ADM) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. reduced its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 0.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,958 shares of the company’s stock after selling 266 shares during the period. Cozad Asset Management Inc.’s holdings in Archer Daniels Midland were worth $6,095,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Archer Daniels Midland during the 4th quarter worth approximately $1,914,000. Handelsbanken Fonder AB acquired a new position in shares of Archer Daniels Midland during the 1st quarter worth approximately $1,183,000. Geode Capital Management LLC raised its position in shares of Archer Daniels Midland by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company’s stock worth $590,305,000 after purchasing an additional 247,647 shares during the last quarter. Bell Bank raised its position in shares of Archer Daniels Midland by 11.0% during the 1st quarter. Bell Bank now owns 167,536 shares of the company’s stock worth $8,043,000 after purchasing an additional 16,558 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Archer Daniels Midland by 2.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 230,879 shares of the company’s stock worth $11,664,000 after acquiring an additional 6,510 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Bank of America cut shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Barclays lifted their target price on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 2nd. 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 note on Monday, May 19th. Finally, Citigroup lowered their target price 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Hold” and an average target price of $52.25.

Archer Daniels Midland Stock Down 1.0%

Shares of NYSE ADM opened at $54.79 on Tuesday. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.24. The firm has a fifty day moving average of $52.03 and a 200-day moving average of $49.28. The stock has a market capitalization of $26.32 billion, a PE ratio of 19.57, a P/E/G ratio of 3.09 and a beta of 0.69. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The company had revenue of $20.18 billion during the quarter, compared to analysts’ expectations of $22.05 billion. During the same period in the previous year, the company earned $1.46 EPS. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.72%. Archer Daniels Midland’s dividend payout ratio is presently 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.