Blair William & Co. IL Sells 14,445 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Blair William & Co. IL decreased its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,013 shares of the company's stock after selling 14,445 shares during the quarter. Blair William & Co. IL's holdings in Archer-Daniels-Midland were worth $4,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. increased its holdings in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after buying an additional 357 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Archer-Daniels-Midland in the fourth quarter worth approximately $28,000. ST Germain D J Co. Inc. boosted its stake in shares of Archer-Daniels-Midland by 724.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock worth $29,000 after acquiring an additional 500 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $30,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

ADM traded down $0.24 during trading on Wednesday, reaching $47.97. 2,652,286 shares of the company traded hands, compared to its average volume of 3,599,599. Archer-Daniels-Midland Company has a 12-month low of $44.92 and a 12-month high of $66.08. The firm has a fifty day simple moving average of $47.77 and a 200 day simple moving average of $51.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The company has a market cap of $23.01 billion, a P/E ratio of 13.29, a PEG ratio of 1.54 and a beta of 0.67.

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Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. On average, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its board has approved a share 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. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently declared 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 annualized dividend and a yield of 4.25%. 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 currently 56.51%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Stephens lowered their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets lowered their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley reduced their target price 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. Bank of America lowered their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Finally, Citigroup raised their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $53.63.

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.