LSV Asset Management Sells 63,900 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

LSV Asset Management lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,372,579 shares of the company's stock after selling 63,900 shares during the quarter. LSV Asset Management owned approximately 0.50% of Archer-Daniels-Midland worth $119,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in ADM. Fairway Wealth LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. increased its stake in shares of Archer-Daniels-Midland by 179.4% in the fourth 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 purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter worth about $28,000. ST Germain D J Co. Inc. lifted its stake in shares of Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after purchasing an additional 500 shares during the period. Finally, Crews Bank & Trust purchased a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Up 1.6 %

ADM traded up $0.74 during trading on Wednesday, reaching $46.81. 812,112 shares of the stock traded hands, compared to its average volume of 3,626,363. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08. The stock's 50-day simple moving average is $46.53 and its two-hundred day simple moving average is $50.78. The stock has a market cap of $22.46 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81.

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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 for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 earnings per share. As a group, equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.36%. 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 is 56.51%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ADM shares. Barclays cut their target price 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. BMO Capital Markets decreased their price objective on shares of 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. 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. Stephens reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Bank of America raised Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and dropped their price objective for the stock from $48.00 to $47.00 in a report on Tuesday. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $52.75.

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.