Chevy Chase Trust Holdings LLC Trims Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Chevy Chase Trust Holdings LLC trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,704 shares of the company's stock after selling 5,858 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Archer-Daniels-Midland worth $13,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Lake Street Advisors Group LLC grew its stake in Archer-Daniels-Midland by 4.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company's stock valued at $240,000 after buying an additional 183 shares in the last quarter. OLD National Bancorp IN grew its stake in Archer-Daniels-Midland by 0.9% in the 3rd quarter. OLD National Bancorp IN now owns 20,648 shares of the company's stock valued at $1,234,000 after buying an additional 189 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Archer-Daniels-Midland by 4.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company's stock valued at $306,000 after buying an additional 201 shares in the last quarter. West Financial Advisors LLC grew its stake in Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock valued at $111,000 after buying an additional 201 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Archer-Daniels-Midland by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock valued at $109,000 after purchasing an additional 210 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Morgan Stanley reduced 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 research report on Tuesday, February 11th. Bank of America reduced their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a research report on Tuesday, February 11th. Stephens reduced their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Barclays reduced their price target on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. Finally, Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $55.11.

Archer-Daniels-Midland Trading Up 1.1 %

Archer-Daniels-Midland stock traded up $0.51 during mid-day trading on Thursday, hitting $46.55. The company's stock had a trading volume of 2,703,925 shares, compared to its average volume of 3,602,776. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.44 and a quick ratio of 0.84. The stock has a market cap of $22.27 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.46 and a beta of 0.72. The business has a 50 day moving average price of $49.68 and a 200-day moving average price of $54.47. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08.

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 for the quarter, topping the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during 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 firm's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 earnings per share. As a group, analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a $0.51 dividend. The ex-dividend date is Tuesday, February 18th. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.38%. Archer-Daniels-Midland's payout ratio is currently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is 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.