Horizon Kinetics Asset Management LLC Lowers Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Horizon Kinetics Asset Management LLC reduced its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,719 shares of the company's stock after selling 108,092 shares during the period. Horizon Kinetics Asset Management LLC owned approximately 0.11% of Archer-Daniels-Midland worth $27,570,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Cibc World Markets Corp increased its position in shares of Archer-Daniels-Midland by 14.4% during the fourth quarter. Cibc World Markets Corp now owns 187,582 shares of the company's stock worth $9,477,000 after acquiring an additional 23,679 shares in the last quarter. SlateStone Wealth LLC raised its stake in shares of Archer-Daniels-Midland by 3.2% in the fourth quarter. SlateStone Wealth LLC now owns 12,875 shares of the company's stock worth $650,000 after purchasing an additional 400 shares during the last quarter. GWN Securities Inc. purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $238,000. Atala Financial Inc bought a new stake in Archer-Daniels-Midland during the fourth quarter worth $332,000. Finally, Madison Investment Advisors LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at $8,230,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley reduced their target price 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. 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 report on Wednesday, February 5th. Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Bank of America dropped their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Finally, Citigroup upped their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $53.63.

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Archer-Daniels-Midland Stock Performance

ADM traded down $0.32 during trading hours on Friday, hitting $46.21. The stock had a trading volume of 50,983,285 shares, compared to its average volume of 3,468,676. The stock has a market cap of $22.16 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year 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. The company's fifty day simple moving average is $48.42 and its 200 day simple moving average is $52.80.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company's quarterly revenue was down 6.4% compared to the same quarter last year. Equities analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland declared that its board has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.42%. Archer-Daniels-Midland's payout ratio is 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.