Savant Capital LLC Cuts Position in Archer-Daniels-Midland Company (NYSE:ADM)

Savant Capital LLC lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 72.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,781 shares of the company's stock after selling 33,274 shares during the period. Savant Capital LLC's holdings in Archer-Daniels-Midland were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Kestra Private Wealth Services LLC increased its stake in Archer-Daniels-Midland by 9.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 14,058 shares of the company's stock worth $710,000 after acquiring an additional 1,227 shares during the last quarter. Robinson Value Management Ltd. grew its holdings in shares of Archer-Daniels-Midland by 1.2% in the fourth quarter. Robinson Value Management Ltd. now owns 42,377 shares of the company's stock valued at $2,141,000 after purchasing an additional 518 shares in the last quarter. Empowered Funds LLC increased its position in Archer-Daniels-Midland by 364.0% in the fourth quarter. Empowered Funds LLC now owns 210,888 shares of the company's stock worth $10,654,000 after purchasing an additional 165,438 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in Archer-Daniels-Midland by 13.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 39,799 shares of the company's stock valued at $2,011,000 after purchasing an additional 4,678 shares in the last quarter. Finally, Vest Financial LLC lifted its position in Archer-Daniels-Midland by 28.4% during the fourth quarter. Vest Financial LLC now owns 1,004,578 shares of the company's stock valued at $50,751,000 after purchasing an additional 222,150 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Trading Down 0.4 %

Archer-Daniels-Midland stock traded down $0.20 during mid-day trading on Tuesday, hitting $45.90. The company's stock had a trading volume of 3,040,362 shares, compared to its average volume of 3,645,758. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08. The stock has a market cap of $21.96 billion, a PE ratio of 12.71 and a beta of 0.72. The company has a 50 day moving average of $49.94 and a 200-day moving average of $54.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 EPS. On average, research analysts anticipate that Archer-Daniels-Midland Company will post 4.53 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.51 dividend. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.44%. Archer-Daniels-Midland's payout ratio is presently 55.40%.

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

Wall Street Analysts Forecast Growth

ADM has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of 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. BMO Capital Markets lowered their price objective 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. Citigroup lifted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Barclays decreased their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. Finally, Stephens dropped their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $55.11.

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.