Easterly Investment Partners LLC Reduces Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Easterly Investment Partners LLC decreased its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,921 shares of the company's stock after selling 55,040 shares during the quarter. Easterly Investment Partners LLC's holdings in Archer-Daniels-Midland were worth $7,574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. West Financial Advisors LLC lifted its stake in shares of Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock worth $111,000 after purchasing an additional 201 shares during the period. Hantz Financial Services Inc. raised its position in Archer-Daniels-Midland by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock worth $109,000 after acquiring an additional 210 shares during the period. Invesco LLC boosted its stake in shares of Archer-Daniels-Midland by 1.3% during the 4th quarter. Invesco LLC now owns 16,242 shares of the company's stock worth $821,000 after acquiring an additional 211 shares during the last quarter. Advisor OS LLC grew its position in shares of Archer-Daniels-Midland by 4.9% during the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after acquiring an additional 212 shares during the period. Finally, Advisory Alpha LLC increased its stake in shares of Archer-Daniels-Midland by 2.8% in the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock worth $402,000 after purchasing an additional 216 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research firms have issued reports on ADM. Citigroup boosted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Bank of America cut their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a research note on Tuesday, February 11th. Barclays decreased their target price on shares of 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. Morgan Stanley dropped 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. Finally, BMO Capital Markets decreased their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland has a consensus rating of "Hold" and an average target price of $53.63.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock traded down $0.01 on Monday, hitting $47.86. 719,388 shares of the company traded hands, compared to its average volume of 3,595,748. 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 business has a 50-day simple moving average of $47.89 and a 200 day simple moving average of $52.14. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08. The stock has a market capitalization of $22.96 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67.

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. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $22.77 billion. During the same quarter in the previous year, the company earned $1.36 EPS. The business's quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.26%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio is 56.51%.

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

Archer-Daniels-Midland 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.