Advisory Services Network LLC Cuts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Advisory Services Network LLC lessened its position in 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 SEC. The institutional investor owned 6,419 shares of the company's stock after selling 16,709 shares during the period. Advisory Services Network LLC's holdings in Archer-Daniels-Midland were worth $324,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Archer-Daniels-Midland by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock valued at $3,150,390,000 after acquiring an additional 706,567 shares during the last quarter. Wellington Management Group LLP grew its position in Archer-Daniels-Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock worth $1,068,626,000 after purchasing an additional 1,722,428 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Archer-Daniels-Midland by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock valued at $590,305,000 after buying an additional 247,647 shares during the period. Pacer Advisors Inc. increased its position in Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after acquiring an additional 2,296,193 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Archer-Daniels-Midland by 24.8% in the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock worth $361,007,000 after purchasing an additional 1,420,625 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Ratings Changes

ADM has been the topic of several recent research reports. Bank of America upgraded shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and lowered their price objective for the stock from $48.00 to $47.00 in a research note on Tuesday, April 15th. Citigroup dropped their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Barclays reduced their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Monday, February 24th. Stephens cut their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Morgan Stanley lowered their price objective 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. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of "Hold" and an average target price of $52.75.

Archer-Daniels-Midland Price Performance

NYSE ADM traded down $0.26 during trading hours on Wednesday, reaching $48.28. The company's stock had a trading volume of 520,891 shares, compared to its average volume of 3,616,659. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $23.16 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.54 and a beta of 0.66. The firm's 50-day moving average price is $46.72 and its 200-day moving average price is $50.38.

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

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.23%. 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%.

About Archer-Daniels-Midland

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.