Western Wealth Management LLC Sells 6,429 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Western Wealth Management LLC reduced its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 36.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,215 shares of the company's stock after selling 6,429 shares during the quarter. Western Wealth Management LLC's holdings in Archer-Daniels-Midland were worth $567,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Archer-Daniels-Midland by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock valued at $3,150,390,000 after purchasing an additional 706,567 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Archer-Daniels-Midland by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after purchasing an additional 1,722,428 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Archer-Daniels-Midland by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock valued at $590,305,000 after purchasing an additional 247,647 shares during the last quarter. Northern Trust Corp grew its position in shares of Archer-Daniels-Midland by 2.6% in the fourth quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock valued at $557,489,000 after purchasing an additional 275,792 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after buying an additional 2,296,193 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ADM. BMO Capital Markets reduced 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 research note on Wednesday, February 5th. UBS Group upgraded shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and increased their target price for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Barclays reduced their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Monday, February 24th. Citigroup cut their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, Bank of America cut shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their target price for the company 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 given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland has an average rating of "Hold" and an average price target of $52.00.

Archer-Daniels-Midland Trading Up 1.5%

Shares of NYSE ADM traded up $0.72 during midday trading on Tuesday, reaching $48.66. 2,011,645 shares of the stock were exchanged, compared to its average volume of 3,565,297. The business has a 50-day simple moving average of $47.30 and a two-hundred day simple moving average of $49.08. The company has a market capitalization of $23.38 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month 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.

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

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors 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 annualized dividend and a yield of 4.19%. Archer-Daniels-Midland's dividend payout ratio is currently 72.86%.

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.