Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 92.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,793 shares of the company's stock after selling 153,454 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Archer-Daniels-Midland were worth $596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth $25,000. Raleigh Capital Management Inc. boosted its position in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after acquiring an additional 357 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. raised its holdings in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after acquiring an additional 500 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup reduced their price objective 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. Barclays lowered their price target 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 upgraded shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and cut their price objective for the stock from $48.00 to $47.00 in a research report on Tuesday, April 15th. Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Finally, BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of "Hold" and an average price target of $52.75.

Archer-Daniels-Midland Trading Up 0.5 %

Shares of ADM stock traded up $0.24 during trading hours on Friday, hitting $47.82. The company had a trading volume of 2,690,994 shares, compared to its average volume of 3,585,764. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The company's fifty day moving average is $46.88 and its 200 day moving average is $49.84. The stock has a market capitalization of $22.94 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The company's revenue was down 6.4% on a year-over-year basis. Research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.27%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's payout ratio is 56.51%.

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.