O Shaughnessy Asset Management LLC Has $1.70 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

O Shaughnessy Asset Management LLC cut its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 19.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,578 shares of the company's stock after selling 8,084 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Archer-Daniels-Midland were worth $1,696,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ADM. Fairway Wealth LLC acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. lifted its holdings in shares of Archer-Daniels-Midland by 179.4% during the 4th 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 acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. lifted its holdings 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 valued at $29,000 after buying an additional 500 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at about $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

NYSE ADM traded down $0.28 during trading on Thursday, hitting $44.10. The company's stock had a trading volume of 1,194,186 shares, compared to its average volume of 3,624,955. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average price of $46.67 and a 200 day moving average price of $51.17. The firm has a market cap of $21.15 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08.

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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 (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 earnings per share. Equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.51 dividend. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.63%. Archer-Daniels-Midland's payout ratio is currently 56.51%.

Archer-Daniels-Midland declared that its board has approved a share repurchase program on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADM. Barclays cut their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. BMO Capital Markets cut 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 note on Wednesday, February 5th. Bank of America cut their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research note on Tuesday, February 11th. Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Morgan Stanley cut their price objective on 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. Two investment 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 has a consensus rating of "Hold" and a consensus 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.