Barclays PLC Trims Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Barclays PLC reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 32.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,020,562 shares of the company's stock after selling 481,596 shares during the quarter. Barclays PLC owned approximately 0.21% of Archer-Daniels-Midland worth $51,556,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ADM. XTX Topco Ltd purchased a new position in shares of Archer-Daniels-Midland during the third quarter worth approximately $212,000. Invst LLC purchased a new position in Archer-Daniels-Midland during the 3rd quarter worth $640,000. Virtu Financial LLC bought a new stake in Archer-Daniels-Midland during the 3rd quarter valued at $981,000. World Investment Advisors LLC bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth $1,204,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Archer-Daniels-Midland during the third quarter valued at $425,000. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Up 3.7 %

Shares of ADM traded up $1.72 during midday trading on Friday, hitting $47.85. 3,503,095 shares of the company's stock traded hands, compared to its average volume of 3,630,877. 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 stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The firm's fifty day moving average is $46.60 and its 200-day moving average is $50.53.

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

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.26%. 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

A number of research firms recently weighed in on ADM. Citigroup lowered their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Stephens dropped their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Bank of America upgraded Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and lowered their target price for the stock from $48.00 to $47.00 in a report on Tuesday, April 15th. Finally, Barclays cut their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.