Guggenheim Capital LLC Trims Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Guggenheim Capital LLC reduced its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 54.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,491 shares of the company's stock after selling 61,018 shares during the period. Guggenheim Capital LLC's holdings in Archer-Daniels-Midland were worth $2,601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. West Financial Advisors LLC raised its position in shares of Archer-Daniels-Midland by 10.1% in the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock valued at $111,000 after purchasing an additional 201 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Archer-Daniels-Midland by 10.8% in the 4th 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 grew its holdings in shares of Archer-Daniels-Midland by 1.3% during the 4th 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 increased its holdings in shares of Archer-Daniels-Midland by 4.9% during the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after buying an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC raised its position 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.

Wall Street Analyst Weigh In

Several brokerages recently commented on ADM. Bank of America upgraded Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and reduced their target price for the company from $48.00 to $47.00 in a report on Tuesday, April 15th. Citigroup lowered their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley decreased 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. Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Barclays lowered their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $52.75.

Archer-Daniels-Midland Stock Performance

Shares of ADM traded down $0.66 during mid-day trading on Friday, hitting $48.12. 522,554 shares of the company traded hands, compared to its average volume of 3,606,530. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The stock has a 50-day moving average price of $46.81 and a two-hundred day moving average price of $50.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The stock has a market cap of $23.08 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $22.77 billion. During the same quarter in the previous year, the company earned $1.36 EPS. Archer-Daniels-Midland's revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.24%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is 56.51%.

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.