Gabelli Funds LLC Reduces Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Gabelli Funds LLC lowered its position in Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 432,000 shares of the company’s stock after selling 15,000 shares during the period. Gabelli Funds LLC owned approximately 0.08% of Archer-Daniels-Midland worth $29,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its position in Archer-Daniels-Midland by 2.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,538 shares of the company’s stock worth $374,000 after purchasing an additional 138 shares in the last quarter. Clarius Group LLC boosted its position in Archer-Daniels-Midland by 2.4% in the 4th quarter. Clarius Group LLC now owns 6,598 shares of the company’s stock worth $446,000 after purchasing an additional 154 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Archer-Daniels-Midland by 2.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,003 shares of the company’s stock worth $360,000 after purchasing an additional 163 shares in the last quarter. Wagner Wealth Management LLC boosted its position in Archer-Daniels-Midland by 65.0% in the 3rd quarter. Wagner Wealth Management LLC now owns 429 shares of the company’s stock worth $28,000 after purchasing an additional 169 shares in the last quarter. Finally, United Capital Financial Advisers LLC raised its stake in shares of Archer-Daniels-Midland by 3.6% during the 3rd quarter. United Capital Financial Advisers LLC now owns 5,005 shares of the company’s stock worth $300,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 75.38% of the company’s stock.

ADM has been the subject of several research analyst reports. Stifel Nicolaus upped their target price on Archer-Daniels-Midland from $80.00 to $100.00 in a research note on Wednesday, April 6th. The Goldman Sachs Group upped their target price on Archer-Daniels-Midland from $79.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, March 16th. Bank of America downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and upped their target price for the stock from $80.00 to $100.00 in a research note on Tuesday, April 19th. Barclays upped their target price on Archer-Daniels-Midland from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. Finally, Zacks Investment Research downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $98.00 target price for the company. in a research note on Tuesday, March 29th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.38.

NYSE ADM traded up $0.14 during mid-day trading on Friday, hitting $84.00. The stock had a trading volume of 4,850,302 shares, compared to its average volume of 4,416,872. Archer-Daniels-Midland Company has a twelve month low of $56.91 and a twelve month high of $98.88. The stock has a market capitalization of $47.27 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 2.19 and a beta of 0.75. The firm’s 50 day moving average is $89.89 and its 200 day moving average is $77.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 0.81.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.55. Archer-Daniels-Midland had a return on equity of 14.40% and a net margin of 3.42%. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $20.61 billion. During the same period last year, the company earned $1.39 EPS. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. As a group, equities research analysts expect that Archer-Daniels-Midland Company will post 5.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Wednesday, May 18th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Tuesday, May 17th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 29.47%.

In other Archer-Daniels-Midland news, SVP Gregory A. Morris sold 20,000 shares of the firm’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $83.37, for a total value of $1,667,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

About Archer-Daniels-Midland (Get Rating)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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