Anchor Investment Management LLC Decreases Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Anchor Investment Management LLC lowered its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 13.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,832 shares of the company’s stock after selling 6,688 shares during the period. Anchor Investment Management LLC’s holdings in Archer-Daniels-Midland were worth $2,164,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Fairway Wealth LLC purchased a new position in shares of Archer-Daniels-Midland during the 4th quarter worth about $25,000. Raleigh Capital Management Inc. boosted its position in shares of Archer-Daniels-Midland by 179.4% during 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 during the period. Stonebridge Financial Group LLC bought a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $28,000. ST Germain D J Co. Inc. raised its holdings 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 worth $29,000 after buying an additional 500 shares during the period. Finally, Crews Bank & Trust purchased a new position in Archer-Daniels-Midland during the 4th quarter valued at $30,000. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Trading Down 0.7 %

ADM opened at $46.09 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a market cap of $22.11 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The stock has a fifty day moving average price of $46.53 and a 200-day moving average price of $50.78.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results 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 business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal 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 is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.43%. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. 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 report on Wednesday, February 5th. Citigroup lowered 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. Bank of America raised shares of Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and decreased their price target for the company from $48.00 to $47.00 in a research note on Tuesday. Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Morgan Stanley decreased their target price on 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. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $52.75.

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.