Burford Brothers Inc. Boosts Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Burford Brothers Inc. lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,645 shares of the company’s stock after buying an additional 1,406 shares during the quarter. Burford Brothers Inc.’s holdings in Archer-Daniels-Midland were worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. DAVENPORT & Co LLC raised its position in shares of Archer-Daniels-Midland by 1.1% in the 4th quarter. DAVENPORT & Co LLC now owns 21,283 shares of the company’s stock worth $1,075,000 after acquiring an additional 226 shares in the last quarter. Clear Creek Financial Management LLC purchased a new stake in Archer-Daniels-Midland in the fourth quarter worth $211,000. Mediolanum International Funds Ltd raised its holdings in Archer-Daniels-Midland by 46.6% in the fourth quarter. Mediolanum International Funds Ltd now owns 269,441 shares of the company’s stock worth $13,458,000 after purchasing an additional 85,592 shares in the last quarter. Crews Bank & Trust purchased a new position in Archer-Daniels-Midland during the fourth quarter valued at $30,000. Finally, Invesco LLC boosted its holdings in shares of Archer-Daniels-Midland by 1.3% during the 4th quarter. Invesco LLC now owns 16,242 shares of the company’s stock valued at $821,000 after buying an additional 211 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Down 0.9 %

ADM stock opened at $51.20 on Monday. The stock has a market capitalization of $24.50 billion, a P/E ratio of 14.63 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. Archer-Daniels-Midland Company has a 1-year low of $48.40 and a 1-year high of $66.08. The business has a fifty day moving average price of $51.42 and a 200-day moving average price of $55.98.

Archer-Daniels-Midland announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 57.14%.

Analyst Ratings Changes

ADM has been the subject of several research reports. Morgan Stanley decreased their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. Stephens started coverage on Archer-Daniels-Midland in a research report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 price target on the stock. BMO Capital Markets reduced their price objective on 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. Citigroup boosted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.89.

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.