Archer-Daniels-Midland Company (NYSE:ADM) Stock Position Reduced by LPL Financial LLC

LPL Financial LLC cut its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 352,851 shares of the company's stock after selling 28,030 shares during the quarter. LPL Financial LLC owned 0.07% of Archer-Daniels-Midland worth $17,826,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ADM. State Street Corp increased its holdings in Archer-Daniels-Midland by 3.3% during the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company's stock valued at $1,914,408,000 after acquiring an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock worth $1,160,755,000 after purchasing an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after buying an additional 2,296,193 shares in the last quarter. FMR LLC increased its position in Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company's stock worth $237,757,000 after buying an additional 1,007,494 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company's stock worth $195,813,000 after acquiring an additional 268,102 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

ADM has been the subject of a number of recent research reports. Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets decreased 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. Morgan Stanley cut 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. Bank of America lowered their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a research report on Tuesday, February 11th. Finally, Barclays cut their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, Archer-Daniels-Midland has an average rating of "Hold" and a consensus price target of $53.63.

Archer-Daniels-Midland Stock Down 8.9 %

Shares of ADM stock traded down $4.25 on Friday, hitting $43.32. The stock had a trading volume of 6,801,971 shares, compared to its average volume of 3,610,646. The stock's 50 day moving average is $47.51 and its 200-day moving average is $51.74. The firm has a market capitalization of $20.78 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 52-week low of $43.01 and a 52-week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

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 the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same period last year, the firm earned $1.36 earnings per share. The company's revenue was down 6.4% on a year-over-year basis. As a group, research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid 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 annualized dividend and a dividend yield of 4.71%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio is 56.51%.

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

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.