Alliancebernstein L.P. Sells 34,566 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Alliancebernstein L.P. trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 633,888 shares of the company's stock after selling 34,566 shares during the period. Alliancebernstein L.P. owned about 0.13% of Archer-Daniels-Midland worth $32,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADM. Vanguard Group Inc. raised 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 purchasing an additional 706,567 shares in the last quarter. Wellington Management Group LLP increased its position in Archer-Daniels-Midland by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock worth $1,068,626,000 after buying an additional 1,722,428 shares during the last quarter. Pacer Advisors Inc. lifted its position 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 buying an additional 2,296,193 shares during the last quarter. Norges Bank bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth about $333,521,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Archer-Daniels-Midland by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company's stock valued at $195,813,000 after acquiring an additional 268,102 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

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Archer-Daniels-Midland Stock Performance

ADM traded up $1.26 on Friday, hitting $45.74. 3,950,332 shares of the stock traded hands, compared to its average volume of 3,641,923. The business has a fifty day moving average price of $46.52 and a two-hundred day moving average price of $50.97. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $21.94 billion, a PE ratio of 12.67, a P/E/G ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 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 business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same period in the prior year, the company posted $1.36 earnings per share. Archer-Daniels-Midland's revenue was down 6.4% on a year-over-year basis. On average, research analysts predict 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 was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.46%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's payout ratio is presently 56.51%.

Analysts Set New Price Targets

ADM has been the subject of a number of recent analyst reports. Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. Bank of America lowered their target price 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 decreased their price target on shares of 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 price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.63.

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.