Koshinski Asset Management Inc. Sells 225,678 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Koshinski Asset Management Inc. reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 92.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,158 shares of the company's stock after selling 225,678 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Archer-Daniels-Midland were worth $1,384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Rosenberg Matthew Hamilton lifted its position in Archer-Daniels-Midland by 7.1% during the third quarter. Rosenberg Matthew Hamilton now owns 2,210 shares of the company's stock worth $167,000 after buying an additional 146 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Archer-Daniels-Midland by 1.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,171 shares of the company's stock worth $1,130,000 after buying an additional 146 shares during the period. Jeppson Wealth Management LLC lifted its position in Archer-Daniels-Midland by 3.3% during the fourth quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company's stock worth $342,000 after buying an additional 151 shares during the period. Carolinas Wealth Consulting LLC increased its stake in Archer-Daniels-Midland by 37.0% during the first quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company's stock worth $55,000 after acquiring an additional 164 shares during the last quarter. Finally, Plancorp LLC increased its stake in Archer-Daniels-Midland by 5.2% during the first quarter. Plancorp LLC now owns 3,308 shares of the company's stock worth $299,000 after acquiring an additional 164 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

NYSE:ADM traded down $1.60 during trading hours on Friday, reaching $60.97. 3,413,268 shares of the stock were exchanged, compared to its average volume of 4,635,809. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $57.47 and a 200-day simple moving average of $66.10. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30. The stock has a market capitalization of $30.59 billion, a P/E ratio of 9.53 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.07). Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The firm had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.79 billion. During the same period in the prior year, the business earned $1.93 EPS. The company's quarterly revenue was down 11.4% on a year-over-year basis. As a group, sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its board has approved a stock repurchase plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were issued a $0.50 dividend. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. Archer-Daniels-Midland's dividend payout ratio (DPR) is 31.25%.

Wall Street Analyst Weigh In

Several brokerages have commented on ADM. Roth Mkm lowered Archer-Daniels-Midland from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $98.00 to $66.00 in a research note on Monday, January 22nd. Argus lowered Archer-Daniels-Midland from a "buy" rating to a "hold" rating in a research note on Tuesday, January 23rd. Citigroup upped their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group lowered Archer-Daniels-Midland from a "buy" rating to a "neutral" rating and lowered their target price for the company from $90.00 to $67.00 in a research note on Monday, January 22nd. Finally, Barclays lowered Archer-Daniels-Midland from an "overweight" rating to an "underweight" rating and set a $60.00 target price for the company. in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland has a consensus rating of "Hold" and a consensus target price of $67.50.

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.