Wells Fargo & Company MN Cuts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Wells Fargo & Company MN reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 20.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435,678 shares of the company's stock after selling 113,740 shares during the period. Wells Fargo & Company MN owned approximately 0.09% of Archer-Daniels-Midland worth $22,010,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stephens decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley cut 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 research report on Tuesday, February 11th. Bank of America upgraded Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and decreased their price objective for the stock from $48.00 to $47.00 in a report on Tuesday. BMO Capital Markets dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Finally, Barclays decreased their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.75.

Archer-Daniels-Midland Trading Up 3.7 %

NYSE:ADM traded up $1.72 during trading hours on Friday, hitting $47.85. The company had a trading volume of 3,503,095 shares, compared to its average volume of 3,645,997. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The company has a market capitalization of $22.96 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. The stock has a 50-day moving average price of $46.58 and a 200 day moving average price of $50.67.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. Archer-Daniels-Midland's revenue was down 6.4% on a year-over-year basis. On average, equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.26%. Archer-Daniels-Midland's dividend payout ratio is 56.51%.

About Archer-Daniels-Midland

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.