Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC cut its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 54.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,491 shares of the company's stock after selling 61,018 shares during the period. Guggenheim Capital LLC's holdings in Archer-Daniels-Midland were worth $2,601,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ADM. Fairway Wealth LLC purchased a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $25,000. Raleigh Capital Management Inc. grew its stake in Archer-Daniels-Midland by 179.4% in 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 last quarter. Stonebridge Financial Group LLC bought a new position in Archer-Daniels-Midland in the fourth quarter worth about $28,000. ST Germain D J Co. Inc. lifted its position in shares of Archer-Daniels-Midland by 724.6% during the fourth 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 during the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at about $30,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ADM shares. Bank of America raised shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and decreased their target price for the company from $48.00 to $47.00 in a research report on Tuesday, April 15th. Morgan Stanley lowered 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 report on Tuesday, February 11th. Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Finally, Citigroup cut their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland has an average rating of "Hold" and an average target price of $52.75.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock traded up $0.68 on Thursday, reaching $48.80. 1,631,170 shares of the stock were exchanged, compared to its average volume of 3,619,022. The business has a 50 day moving average price of $46.76 and a two-hundred day moving average price of $50.37. The firm has a market capitalization of $23.41 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 EPS. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal 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 given a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.18%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 56.51%.

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.