Guggenheim Capital LLC Lowers Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Guggenheim Capital LLC reduced its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 54.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,491 shares of the company’s stock after selling 61,018 shares during the period. Guggenheim Capital LLC’s holdings in Archer-Daniels-Midland were worth $2,601,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ADM. West Financial Advisors LLC grew its holdings in Archer-Daniels-Midland by 10.1% during the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock worth $111,000 after acquiring an additional 201 shares in the last quarter. Hantz Financial Services Inc. grew its stake 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 worth $109,000 after purchasing an additional 210 shares in the last quarter. Invesco LLC increased its holdings in 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 lifted its holdings in Archer-Daniels-Midland by 4.9% during the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock worth $231,000 after buying an additional 212 shares during the last quarter. Finally, Advisory Alpha LLC boosted its position in shares of Archer-Daniels-Midland by 2.8% during the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock worth $402,000 after acquiring an additional 216 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADM. BMO Capital Markets decreased their target price 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. Barclays lowered their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Bank of America upgraded shares of Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and cut their price target for the stock from $48.00 to $47.00 in a research note on Tuesday, April 15th. 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. Finally, Stephens cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus price target of $52.75.

Archer-Daniels-Midland Stock Up 3.7 %

Shares of NYSE ADM opened at $47.85 on Friday. The firm has a market cap of $22.96 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The firm’s 50 day moving average price is $46.60 and its 200 day moving average price is $50.53.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating 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 quarter in the prior year, the company posted $1.36 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Tuesday, February 18th. 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%.

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.