Ieq Capital LLC Has $816,000 Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Ieq Capital LLC lowered its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 39.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,145 shares of the company's stock after selling 10,500 shares during the quarter. Ieq Capital LLC's holdings in Archer-Daniels-Midland were worth $816,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AustralianSuper Pty Ltd raised its position in shares of Archer-Daniels-Midland by 26.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock worth $87,409,000 after purchasing an additional 360,844 shares during the period. Kieckhefer Group LLC acquired a new stake in Archer-Daniels-Midland in the 4th quarter valued at approximately $2,339,000. Empower Advisory Group LLC increased its position in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company's stock valued at $68,011,000 after acquiring an additional 68,133 shares during the period. Nordea Investment Management AB increased its position in Archer-Daniels-Midland by 30.7% in the 4th quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company's stock valued at $105,163,000 after acquiring an additional 489,217 shares during the period. Finally, Alberta Investment Management Corp increased its position in Archer-Daniels-Midland by 49.7% in the 4th quarter. Alberta Investment Management Corp now owns 55,680 shares of the company's stock valued at $2,813,000 after acquiring an additional 18,480 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ADM shares. Bank of America lowered their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley lowered their target price 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. Barclays lowered 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 decreased their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Finally, Stephens decreased their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of "Hold" and a consensus price target of $54.89.

Archer-Daniels-Midland Price Performance

NYSE ADM traded up $0.68 on Friday, reaching $47.27. 6,678,027 shares of the stock traded hands, compared to its average volume of 3,779,226. The company has a market cap of $22.68 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 1.54 and a beta of 0.72. 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 firm's fifty day simple moving average is $49.17 and its 200 day simple moving average is $53.98. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $1.36 EPS. As a group, research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.32%. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 56.51%.

Archer-Daniels-Midland announced that its board has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

About Archer-Daniels-Midland

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.