National Bank of Canada FI Has $14.02 Million Stake in Archer Daniels Midland Company (NYSE:ADM)

National Bank of Canada FI decreased its stake in Archer Daniels Midland Company (NYSE:ADM) by 11.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 292,126 shares of the company’s stock after selling 37,749 shares during the quarter. National Bank of Canada FI’s holdings in Archer Daniels Midland were worth $14,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. S.A. Mason LLC acquired a new position in Archer Daniels Midland in the first quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in shares of Archer Daniels Midland during the first quarter worth about $25,000. ORG Partners LLC raised its position in shares of Archer Daniels Midland by 297.2% during the first 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. NBC Securities Inc. acquired a new stake in shares of Archer Daniels Midland during the first quarter worth about $37,000. Finally, Capital Advisors Ltd. LLC raised its position in shares of Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company’s stock worth $38,000 after purchasing an additional 237 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Up 0.8%

Shares of 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. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $62.61. The firm has a market cap of $28.02 billion, a PE ratio of 25.69, a P/E/G ratio of 3.08 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. The firm had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. On average, analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently declared 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. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 89.87%.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of research analyst reports. Citigroup dropped their price target on 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. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday. Bank of America lowered Archer Daniels Midland from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Finally, UBS Group reaffirmed a “buy” rating and set a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.