Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. lessened its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 56.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,548 shares of the company's stock after selling 9,749 shares during the period. Meixler Investment Management Ltd.'s holdings in Archer-Daniels-Midland were worth $381,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its holdings in shares of Archer-Daniels-Midland by 300.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the company's stock valued at $573,000 after acquiring an additional 7,203 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Archer-Daniels-Midland by 1.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,984 shares of the company's stock valued at $3,106,000 after purchasing an additional 537 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Archer-Daniels-Midland by 120.9% in the 3rd quarter. Blue Trust Inc. now owns 4,796 shares of the company's stock worth $290,000 after purchasing an additional 2,625 shares during the period. OLD National Bancorp IN increased its position in shares of Archer-Daniels-Midland by 0.9% during the 3rd quarter. OLD National Bancorp IN now owns 20,648 shares of the company's stock valued at $1,234,000 after purchasing an additional 189 shares during the last quarter. Finally, Vest Financial LLC raised its holdings in Archer-Daniels-Midland by 8.9% during the 3rd quarter. Vest Financial LLC now owns 782,428 shares of the company's stock valued at $46,742,000 after buying an additional 63,716 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Up 0.4 %

Shares of ADM traded up $0.17 during trading hours on Wednesday, hitting $46.08. The company had a trading volume of 1,771,478 shares, compared to its average volume of 3,584,869. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08. The company has a market capitalization of $22.05 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.47 and a beta of 0.72. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. The company's fifty day moving average price is $49.82 and its two-hundred day moving average price is $54.53.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $22.77 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm's revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio (DPR) is 55.40%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Bank of America cut their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Morgan Stanley decreased their price objective 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. Barclays cut their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. Finally, 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. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $55.11.

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.