Gamco Investors INC. ET AL Decreases Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Gamco Investors INC. ET AL cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 294,584 shares of the company's stock after selling 7,765 shares during the quarter. Gamco Investors INC. ET AL owned 0.06% of Archer-Daniels-Midland worth $14,882,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Archer-Daniels-Midland during the fourth quarter worth $25,000. Raleigh Capital Management Inc. raised 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 valued at $28,000 after purchasing an additional 357 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of Archer-Daniels-Midland during the 4th quarter worth about $28,000. ST Germain D J Co. Inc. increased its position in Archer-Daniels-Midland by 724.6% in 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 in the last quarter. Finally, Crews Bank & Trust acquired a new position in Archer-Daniels-Midland during the 4th quarter worth approximately $30,000. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Price Performance

NYSE:ADM traded down $0.20 during trading hours on Monday, hitting $47.62. The stock had a trading volume of 564,052 shares, compared to its average volume of 3,618,798. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08. The firm has a market capitalization of $22.84 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 1.54 and a beta of 0.66. The company has a 50 day simple moving average of $46.60 and a two-hundred day simple moving average of $50.47.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share 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 the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland's quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.36 earnings per share. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. 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 4.28%. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley reduced their price objective on 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. Barclays cut their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Citigroup dropped their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets dropped their target price on shares of 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. Finally, Stephens lowered their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $52.75.

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.