Guggenheim Capital LLC Sells 61,018 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Guggenheim Capital LLC reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 54.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ADM. Norges Bank purchased a new position in Archer-Daniels-Midland during the 4th quarter valued at about $333,521,000. Pacer Advisors Inc. increased its holdings in Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after buying an additional 2,296,193 shares during the period. Wellington Management Group LLP raised its stake in Archer-Daniels-Midland by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock worth $1,068,626,000 after buying an additional 1,722,428 shares in the last quarter. Invesco Ltd. boosted its position in Archer-Daniels-Midland by 24.8% during the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock valued at $361,007,000 after acquiring an additional 1,420,625 shares in the last quarter. Finally, Amundi increased its holdings in shares of Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock valued at $123,340,000 after acquiring an additional 894,562 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 3.7 %

Shares of ADM opened at $47.85 on Friday. The stock has a fifty day simple moving average of $46.60 and a two-hundred day simple moving average of $50.53. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. 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. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last issued 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 company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders 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 a boost 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 4.26%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%.

Analyst Ratings Changes

ADM has been the subject of a number of recent research reports. Bank of America upgraded shares of Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and reduced their target price for the stock from $48.00 to $47.00 in a report on Tuesday, April 15th. Stephens lowered their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. BMO Capital Markets reduced their price target on 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 dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Finally, Morgan Stanley decreased their price target on 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. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $52.75.

Archer-Daniels-Midland Company 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.