Archer-Daniels-Midland Company (NYSE:ADM) Holdings Lessened by Fairfield Bush & CO.

Fairfield Bush & CO. reduced its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 141,718 shares of the company’s stock after selling 1,808 shares during the period. Archer-Daniels-Midland makes up 4.2% of Fairfield Bush & CO.’s holdings, making the stock its 5th biggest holding. Fairfield Bush & CO.’s holdings in Archer-Daniels-Midland were worth $7,160,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Farringdon Capital Ltd. purchased a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $319,000. Marshall Wace LLP boosted its stake in Archer-Daniels-Midland by 1,344.5% during the 4th quarter. Marshall Wace LLP now owns 313,966 shares of the company’s stock worth $15,862,000 after purchasing an additional 292,231 shares during the period. Operose Advisors LLC grew its position in Archer-Daniels-Midland by 328.8% during the 4th quarter. Operose Advisors LLC now owns 879 shares of the company’s stock worth $44,000 after purchasing an additional 674 shares during the last quarter. United Capital Financial Advisors LLC increased its stake in Archer-Daniels-Midland by 11.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 16,968 shares of the company’s stock valued at $857,000 after purchasing an additional 1,695 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $22,862,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $46.26 on Thursday. 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 one year low of $40.98 and a one year high of $66.08. The company has a market cap of $22.19 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. The business has a fifty day moving average of $46.54 and a two-hundred day moving average of $50.75.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 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 firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. As a group, analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share 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. Investors of record on Tuesday, February 18th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.41%. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

Analyst Ratings Changes

ADM has been the topic of several recent research reports. Barclays dropped their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Bank of America raised Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and dropped their target price for the company from $48.00 to $47.00 in a report on Tuesday. BMO Capital Markets lowered their price objective on shares of 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. Citigroup cut their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Stephens lowered their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.