Mutual Advisors LLC Has $1.17 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Mutual Advisors LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 13.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,994 shares of the company’s stock after buying an additional 2,701 shares during the period. Mutual Advisors LLC’s holdings in Archer-Daniels-Midland were worth $1,173,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ADM. Lake Street Advisors Group LLC grew its stake in Archer-Daniels-Midland by 4.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock worth $240,000 after buying an additional 183 shares in the last quarter. OLD National Bancorp IN grew its position in Archer-Daniels-Midland by 0.9% in the third quarter. OLD National Bancorp IN now owns 20,648 shares of the company’s stock worth $1,234,000 after acquiring an additional 189 shares in the last quarter. UMB Bank n.a. increased its stake in Archer-Daniels-Midland by 3.4% in the third quarter. UMB Bank n.a. now owns 5,830 shares of the company’s stock valued at $348,000 after acquiring an additional 194 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in Archer-Daniels-Midland by 4.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company’s stock valued at $306,000 after purchasing an additional 201 shares in the last quarter. Finally, West Financial Advisors LLC lifted its stake in Archer-Daniels-Midland by 10.1% during the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock worth $111,000 after purchasing an additional 201 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADM. Stephens assumed coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective on the stock. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $63.00 to $54.00 in a report on Tuesday, January 14th. Citigroup lifted their target price 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. Morgan Stanley cut 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 report on Tuesday, November 12th. Finally, BMO Capital Markets lowered their target price on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.89.

Archer-Daniels-Midland Stock Down 0.3 %

Shares of NYSE:ADM opened at $50.52 on Friday. The stock’s 50-day moving average is $51.58 and its 200 day moving average is $56.47. The company has a market cap of $24.17 billion, a PE ratio of 14.43 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.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board 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.