Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,090 shares of the company’s stock after selling 644 shares during the period. Advisors Management Group Inc. ADV’s holdings in Archer-Daniels-Midland were worth $2,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ADM. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland in the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Archer-Daniels-Midland in the third quarter valued at approximately $26,000. Altshuler Shaham Ltd purchased a new stake in shares of Archer-Daniels-Midland during the second quarter worth approximately $28,000. Peterson Financial Group Inc. acquired a new position in Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Finally, ST Germain D J Co. Inc. lifted its holdings in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

ADM has been the subject of a number of research reports. Barclays dropped their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a report on Wednesday, December 4th. Citigroup upped their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Morgan Stanley cut their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Stephens initiated coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target on the stock. Finally, BMO Capital Markets cut their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.08.

Archer-Daniels-Midland Stock Down 0.1 %

Shares of NYSE ADM opened at $51.15 on Thursday. The business’s 50 day moving average is $51.82 and its two-hundred day moving average is $57.02. Archer-Daniels-Midland Company has a 52-week low of $48.40 and a 52-week high of $69.85. The firm has a market cap of $24.48 billion, a price-to-earnings ratio of 14.61 and a beta of 0.72. 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 given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.91%. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.