Archer-Daniels-Midland Company (NYSE:ADM) Stake Lessened by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 82.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,383 shares of the company's stock after selling 15,682 shares during the period. Tower Research Capital LLC TRC's holdings in Archer-Daniels-Midland were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of ADM. Fairway Wealth LLC purchased a new position in Archer-Daniels-Midland in the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. grew its stake in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after acquiring an additional 357 shares during the period. Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland in the 4th quarter valued at $28,000. ST Germain D J Co. Inc. boosted its holdings in shares of Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock worth $29,000 after purchasing an additional 500 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent analyst reports. Barclays lowered their price target 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. Bank of America lowered Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $47.00 to $45.00 in a research note on Thursday. Morgan Stanley decreased their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Citigroup lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, BMO Capital Markets reduced their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $52.50.

Archer-Daniels-Midland Stock Up 1.8 %

NYSE:ADM traded up $0.85 during mid-day trading on Friday, reaching $48.55. The stock had a trading volume of 3,079,708 shares, compared to its average volume of 3,582,463. The stock's 50 day simple moving average is $47.01 and its two-hundred day simple moving average is $49.54. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. 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 posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business's revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.46 EPS. Equities analysts anticipate 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 paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.20%. Archer-Daniels-Midland's 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.