Swiss National Bank Sells 116,800 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Swiss National Bank lowered its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,350,800 shares of the company's stock after selling 116,800 shares during the period. Swiss National Bank owned 0.28% of Archer-Daniels-Midland worth $68,242,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ADM. West Financial Advisors LLC raised its position in shares of Archer-Daniels-Midland by 10.1% in the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock valued at $111,000 after purchasing an additional 201 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Archer-Daniels-Midland by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock valued at $109,000 after acquiring an additional 210 shares during the period. Invesco LLC raised its holdings in shares of Archer-Daniels-Midland by 1.3% in the fourth quarter. Invesco LLC now owns 16,242 shares of the company's stock valued at $821,000 after buying an additional 211 shares during the last quarter. Advisor OS LLC raised its holdings in shares of Archer-Daniels-Midland by 4.9% in the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after buying an additional 212 shares during the last quarter. Finally, Advisory Alpha LLC raised its holdings in shares of Archer-Daniels-Midland by 2.8% in the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock valued at $402,000 after buying an additional 216 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have weighed in on ADM shares. Bank of America dropped their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a report on Tuesday, February 11th. Citigroup boosted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Morgan Stanley decreased their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Finally, Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $53.63.

Archer-Daniels-Midland Stock Down 1.6 %

Shares of ADM traded down $0.75 on Wednesday, hitting $46.93. The company's stock had a trading volume of 5,736,771 shares, compared to its average volume of 3,895,958. Archer-Daniels-Midland Company has a fifty-two week low of $44.92 and a fifty-two week 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 firm's fifty day moving average price is $48.55 and its 200-day moving average price is $52.88. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share 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 firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. The business's revenue was down 6.4% on a year-over-year basis. On average, equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its board has authorized a share repurchase program on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to buy 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.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.35%. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio is 56.51%.

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.