QRG Capital Management Inc. Reduces Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

QRG Capital Management Inc. trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 27.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,380 shares of the company's stock after selling 17,367 shares during the period. QRG Capital Management Inc.'s holdings in Archer-Daniels-Midland were worth $2,343,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new position in Archer-Daniels-Midland in the 3rd quarter worth $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. lifted its holdings in shares of 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 stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $28,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

ADM traded down $0.00 during trading on Wednesday, hitting $45.82. The company's stock had a trading volume of 3,265,538 shares, compared to its average volume of 3,452,727. 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 firm has a market capitalization of $21.98 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.54 and a beta of 0.67. The business's fifty day simple moving average is $49.00 and its 200 day simple moving average is $53.74. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued 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 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 firm's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.45%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is presently 56.51%.

Analysts Set New Price Targets

ADM has been the subject of a number of recent research reports. 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 decreased their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets cut their price target 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. Citigroup boosted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Finally, Bank of America dropped their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Two investment 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, Archer-Daniels-Midland has a consensus rating of "Hold" and an average target price 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.