Anchor Investment Management LLC Sells 6,688 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Anchor Investment Management LLC decreased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,832 shares of the company's stock after selling 6,688 shares during the quarter. Anchor Investment Management LLC's holdings in Archer-Daniels-Midland were worth $2,164,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. West Financial Advisors LLC boosted its stake in shares of Archer-Daniels-Midland by 10.1% during the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock valued at $111,000 after purchasing an additional 201 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Archer-Daniels-Midland by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock worth $109,000 after buying an additional 210 shares during the period. Invesco LLC increased its position in Archer-Daniels-Midland by 1.3% in the 4th quarter. Invesco LLC now owns 16,242 shares of the company's stock valued at $821,000 after acquiring an additional 211 shares during the period. Advisor OS LLC raised its stake in shares of Archer-Daniels-Midland by 4.9% during the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after acquiring an additional 212 shares during the last quarter. Finally, Advisory Alpha LLC lifted its holdings in shares of Archer-Daniels-Midland by 2.8% during the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock worth $402,000 after purchasing an additional 216 shares during the period. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Down 0.4 %

Shares of Archer-Daniels-Midland stock traded down $0.20 during trading on Monday, reaching $47.62. 564,052 shares of the company traded hands, compared to its average volume of 3,618,787. The firm has a market capitalization of $22.84 billion, a PE ratio of 13.19, a P/E/G ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a 50 day moving average price of $46.60 and a 200-day moving average price of $50.47. 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 released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $22.77 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The business's revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio (DPR) is 56.51%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Morgan Stanley decreased their price objective on 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. BMO Capital Markets lowered their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Stephens reduced their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Barclays lowered their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Finally, Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $52.75.

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.