Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by Code Waechter LLC

Code Waechter LLC boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 9.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,931 shares of the company’s stock after acquiring an additional 717 shares during the period. Code Waechter LLC’s holdings in Archer-Daniels-Midland were worth $401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADM. Harbor Capital Advisors Inc. purchased a new stake in shares of Archer-Daniels-Midland during the third quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new position in shares of Archer-Daniels-Midland in the 2nd quarter valued at approximately $28,000. Peterson Financial Group Inc. purchased a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at approximately $28,000. Finally, ST Germain D J Co. Inc. grew its position in shares of Archer-Daniels-Midland by 724.6% during 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 in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 2.0 %

ADM stock opened at $52.10 on Tuesday. The stock has a market cap of $24.93 billion, a PE ratio of 14.89 and a beta of 0.72. The firm’s 50-day simple moving average is $51.84 and its 200 day simple moving average is $57.09. Archer-Daniels-Midland Company has a fifty-two week low of $48.40 and a fifty-two week high of $69.85. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.84%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Archer-Daniels-Midland announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ADM shares. Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Barclays reduced their price target on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 4th. Citigroup boosted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets reduced their target price on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Finally, Stephens began coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $60.62.

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.