Clearbridge Investments LLC Reduces Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Clearbridge Investments LLC trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 84.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the company's stock after selling 26,250 shares during the period. Clearbridge Investments LLC's holdings in Archer-Daniels-Midland were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board grew its stake in Archer-Daniels-Midland by 4.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 18,804 shares of the company's stock valued at $1,123,000 after buying an additional 800 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Archer-Daniels-Midland by 33.6% in the third quarter. Janus Henderson Group PLC now owns 185,101 shares of the company's stock worth $11,048,000 after acquiring an additional 46,511 shares during the period. Investment Management Corp of Ontario grew its position in shares of Archer-Daniels-Midland by 48.8% in the third quarter. Investment Management Corp of Ontario now owns 16,457 shares of the company's stock valued at $983,000 after purchasing an additional 5,400 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Archer-Daniels-Midland by 249.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 70,845 shares of the company's stock worth $4,232,000 after purchasing an additional 50,544 shares in the last quarter. Finally, Quarry LP boosted its stake in Archer-Daniels-Midland by 21.9% in the 3rd quarter. Quarry LP now owns 46,402 shares of the company's stock worth $2,772,000 after purchasing an additional 8,348 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ADM shares. Morgan Stanley decreased their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Bank of America lowered their target price on shares of 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 reduced their price target on shares of 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. Finally, Barclays decreased their target price 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. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland currently has an average rating of "Hold" and a consensus target price of $53.63.

Archer-Daniels-Midland Price Performance

ADM stock traded down $0.04 during mid-day trading on Tuesday, hitting $42.94. 910,155 shares of the stock were exchanged, compared to its average volume of 4,579,899. The business has a fifty day moving average price of $47.33 and a 200 day moving average price of $51.54. Archer-Daniels-Midland Company has a 12 month low of $42.35 and a 12 month high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The stock has a market capitalization of $20.60 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same period in the previous year, the business posted $1.36 EPS. The business's quarterly revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS 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 paid a $0.51 dividend. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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.