Baird Financial Group Inc. Decreases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Baird Financial Group Inc. lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 47.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,173 shares of the company's stock after selling 108,299 shares during the period. Baird Financial Group Inc.'s holdings in Archer-Daniels-Midland were worth $6,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. West Financial Advisors LLC increased its position in shares of Archer-Daniels-Midland by 10.1% during the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock worth $111,000 after purchasing an additional 201 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Archer-Daniels-Midland by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock valued at $109,000 after purchasing an additional 210 shares during the last quarter. Invesco LLC boosted its holdings in Archer-Daniels-Midland by 1.3% in the fourth quarter. Invesco LLC now owns 16,242 shares of the company's stock valued at $821,000 after purchasing an additional 211 shares during the last quarter. Advisor OS LLC boosted its holdings in Archer-Daniels-Midland by 4.9% in the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after purchasing an additional 212 shares during the last quarter. Finally, Advisory Alpha LLC boosted its holdings in Archer-Daniels-Midland by 2.8% in the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock valued at $402,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Trading Up 1.6%

Archer-Daniels-Midland stock traded up $0.81 during trading on Tuesday, hitting $50.71. The company had a trading volume of 4,443,913 shares, compared to its average volume of 3,589,432. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. 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 company's 50 day simple moving average is $47.09 and its 200-day simple moving average is $49.45. The stock has a market cap of $24.36 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating 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 firm had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. During the same quarter last year, the firm earned $1.46 EPS. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. As a group, analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.02%. Archer-Daniels-Midland's dividend payout ratio is presently 72.86%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ADM shares. 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 report on Monday, February 24th. Citigroup lowered 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 note on Tuesday, April 15th. Morgan Stanley lowered 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 research note on Tuesday, February 11th. BMO Capital Markets lowered their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Finally, Stephens lowered their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $52.50.

Archer-Daniels-Midland Company 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.