Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Savant Capital LLC

Savant Capital LLC trimmed its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 72.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,781 shares of the company's stock after selling 33,274 shares during the period. Savant Capital LLC's holdings in Archer-Daniels-Midland were worth $646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock worth $1,160,755,000 after buying an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. boosted 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 worth $524,531,000 after acquiring an additional 2,296,193 shares during the last quarter. State Street Corp increased its position in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock worth $1,914,408,000 after purchasing an additional 1,018,256 shares in the last quarter. FMR LLC raised its stake in Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company's stock valued at $237,757,000 after purchasing an additional 1,007,494 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Archer-Daniels-Midland by 52.0% in the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company's stock valued at $89,738,000 after purchasing an additional 514,005 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ADM. Bank of America decreased their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Barclays reduced their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Stephens dropped their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, BMO Capital Markets lowered their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $55.11.

Archer-Daniels-Midland Trading Up 0.4 %

Shares of NYSE ADM traded up $0.18 during mid-day trading on Wednesday, reaching $46.09. 2,330,180 shares of the company's stock were exchanged, compared to its average volume of 3,589,975. The firm has a market capitalization of $22.05 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.47 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The company's 50-day moving average is $49.82 and its 200-day moving average is $54.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44.

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

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.43%. Archer-Daniels-Midland's payout ratio is presently 55.40%.

Archer-Daniels-Midland announced that its board has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

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.