Archer-Daniels-Midland Company (NYSE:ADM) Holdings Decreased by Focus Partners Wealth

Focus Partners Wealth decreased its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 92.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,633 shares of the company's stock after selling 373,420 shares during the quarter. Focus Partners Wealth's holdings in Archer-Daniels-Midland were worth $1,560,000 at the end of the most recent reporting period.

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

Archer-Daniels-Midland Stock Up 0.4%

ADM stock traded up $0.19 during mid-day trading on Tuesday, reaching $50.20. The company had a trading volume of 2,467,864 shares, compared to its average volume of 3,577,129. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. 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 market capitalization of $24.12 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The firm has a fifty day simple moving average of $47.20 and a 200 day simple moving average of $49.24.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS. Analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is currently 72.86%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ADM shares. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Stephens cut their price target on 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. BMO Capital Markets dropped their price objective 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. Finally, Barclays dropped their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland presently has an average rating of "Hold" and an average price target of $52.00.

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.