TD Waterhouse Canada Inc. Has $2.84 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

TD Waterhouse Canada Inc. cut its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 40.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,160 shares of the company's stock after selling 38,487 shares during the period. TD Waterhouse Canada Inc.'s holdings in Archer-Daniels-Midland were worth $2,837,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fairway Wealth LLC bought a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at $25,000. Raleigh Capital Management Inc. boosted its position in Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after buying an additional 357 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $28,000. ST Germain D J Co. Inc. raised its stake in shares of Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after acquiring an additional 500 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $30,000. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Trading Down 1.1 %

NYSE ADM traded down $0.54 on Friday, reaching $48.24. The company had a trading volume of 2,261,729 shares, compared to its average volume of 3,620,453. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The stock has a market cap of $23.14 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.54 and a beta of 0.66. The stock's 50 day moving average is $46.86 and its 200-day moving average is $50.19.

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. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter last year, the firm earned $1.36 EPS. Archer-Daniels-Midland's quarterly revenue was down 6.4% compared to the same quarter last year. Equities analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.23%. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 56.51%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ADM shares. Barclays decreased their target price 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. Stephens reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Morgan Stanley lowered their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Bank of America upgraded shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and dropped their price objective for the stock from $48.00 to $47.00 in a research report on Tuesday, April 15th. Finally, BMO Capital Markets decreased their price objective on 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. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of "Hold" and an average target price of $52.75.

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.