Marathon Asset Management Ltd Sells 18,687 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Marathon Asset Management Ltd lowered its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 284,468 shares of the company's stock after selling 18,687 shares during the quarter. Marathon Asset Management Ltd owned 0.06% of Archer-Daniels-Midland worth $14,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADM. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland during the third quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Archer-Daniels-Midland in the third quarter worth about $26,000. Peterson Financial Group Inc. purchased a new position in shares of Archer-Daniels-Midland in the third quarter worth about $28,000. Raleigh Capital Management Inc. raised its stake in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after purchasing an additional 357 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in Archer-Daniels-Midland during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

ADM traded down $0.00 on Wednesday, reaching $45.82. The company had a trading volume of 3,265,538 shares, compared to its average volume of 3,452,727. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08. 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 company has a fifty day moving average of $48.90 and a 200-day moving average of $53.69. The company has a market capitalization of $21.98 billion, a P/E ratio of 12.69, a PEG ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 earnings per share. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.45%. The ex-dividend date is Tuesday, February 18th. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio (DPR) is 56.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports 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 on the stock in a research note on Tuesday, February 11th. Barclays dropped their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock 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 for the company in a report on Tuesday, February 11th. Stephens decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, BMO Capital Markets decreased their price target on shares of 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 seven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $54.89.

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.