Cresset Asset Management LLC Cuts Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Cresset Asset Management LLC lessened its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 62.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,125 shares of the company's stock after selling 31,205 shares during the quarter. Cresset Asset Management LLC's holdings in Archer-Daniels-Midland were worth $966,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centiva Capital LP increased its stake in shares of Archer-Daniels-Midland by 46.9% in the 4th quarter. Centiva Capital LP now owns 10,105 shares of the company's stock valued at $511,000 after purchasing an additional 3,224 shares in the last quarter. Blue Capital Inc. acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $754,000. Caxton Associates LP acquired a new stake in Archer-Daniels-Midland in the 4th quarter valued at $618,000. Bearing Point Capital LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter worth $9,599,000. Finally, Alpha Family Trust acquired a new position in Archer-Daniels-Midland during the fourth quarter worth $321,000. Hedge funds and other institutional investors own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Stephens cut their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Citigroup decreased their target price 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. Bank of America cut 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 decreased their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Finally, BMO Capital Markets dropped their target price 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. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland presently has an average rating of "Hold" and an average price target of $52.50.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $49.90 on Tuesday. 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 has a 50-day moving average price of $47.09 and a 200 day moving average price of $49.45. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The stock has a market cap of $23.97 billion, a P/E ratio of 13.82, a PEG ratio of 1.54 and a beta of 0.69.

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

Archer-Daniels-Midland Announces Dividend

The business also recently announced 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 of this dividend is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.09%. Archer-Daniels-Midland's payout ratio is currently 72.86%.

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.

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