Western Wealth Management LLC Reduces Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Western Wealth Management LLC lowered its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,215 shares of the company's stock after selling 6,429 shares during the period. Western Wealth Management LLC's holdings in Archer-Daniels-Midland were worth $567,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADM. AustralianSuper Pty Ltd raised its stake in Archer-Daniels-Midland by 26.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock worth $87,409,000 after purchasing an additional 360,844 shares in the last quarter. Amundi raised its holdings in Archer-Daniels-Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after buying an additional 894,562 shares during the last quarter. Hickory Point Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter worth approximately $1,217,000. Semanteon Capital Management LP bought a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at about $614,000. Finally, Aigen Investment Management LP boosted its position in Archer-Daniels-Midland by 127.7% in the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock worth $2,372,000 after purchasing an additional 26,329 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ADM shares. Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. Morgan Stanley reduced their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Stephens reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Archer-Daniels-Midland presently has an average rating of "Hold" and a consensus target price of $52.00.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock traded down $0.26 during mid-day trading on Thursday, reaching $48.09. The stock had a trading volume of 563,655 shares, compared to its average volume of 3,550,901. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 1.54 and a beta of 0.69. 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 business's fifty day moving average is $47.39 and its 200-day moving average is $49.07.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. On average, research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.24%. Archer-Daniels-Midland's dividend payout ratio is presently 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.