Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Bank & Trust Co

Bank & Trust Co decreased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,604 shares of the company’s stock after selling 513 shares during the quarter. Bank & Trust Co’s holdings in Archer-Daniels-Midland were worth $586,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADM. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland during the third quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at approximately $26,000. Altshuler Shaham Ltd purchased a new position in Archer-Daniels-Midland in the second quarter worth approximately $28,000. Peterson Financial Group Inc. acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Finally, Sachetta LLC raised its holdings in Archer-Daniels-Midland by 39.8% in the 2nd quarter. Sachetta LLC now owns 737 shares of the company’s stock valued at $46,000 after buying an additional 210 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Trading Up 0.8 %

Shares of NYSE ADM traded up $0.38 during trading on Tuesday, hitting $50.01. 543,879 shares of the company traded hands, compared to its average volume of 1,703,351. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $23.93 billion, a P/E ratio of 14.29 and a beta of 0.72. The company has a 50-day moving average price of $52.32 and a 200-day moving average price of $57.46. Archer-Daniels-Midland Company has a 1 year low of $48.92 and a 1 year high of $71.08.

Archer-Daniels-Midland declared that its board has approved a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a $0.50 dividend. 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 4.00%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 57.14%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ADM shares. UBS Group raised their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Citigroup increased their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. BMO Capital Markets reduced their target price on shares of 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. Morgan Stanley reduced their price objective on 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. Finally, Barclays lowered their target price on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.