Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by City State Bank

City State Bank increased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,290 shares of the company’s stock after acquiring an additional 230 shares during the period. City State Bank’s holdings in Archer-Daniels-Midland were worth $116,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Empower Advisory Group LLC increased its holdings in shares of Archer-Daniels-Midland by 6.4% in the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock worth $68,011,000 after acquiring an additional 68,133 shares during the period. Nordea Investment Management AB increased its stake in Archer-Daniels-Midland by 30.7% during the 4th quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company’s stock valued at $105,163,000 after buying an additional 489,217 shares during the period. Pacer Advisors Inc. increased its stake in Archer-Daniels-Midland by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after buying an additional 489,554 shares during the period. Marathon Asset Management Ltd increased its stake in Archer-Daniels-Midland by 4.5% during the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock valued at $18,110,000 after buying an additional 13,177 shares during the period. Finally, CFS Investment Advisory Services LLC acquired a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $1,526,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

ADM stock opened at $52.10 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The stock has a market cap of $24.93 billion, a P/E ratio of 14.89 and a beta of 0.72. The firm has a 50 day simple moving average of $51.84 and a 200 day simple moving average of $57.09. Archer-Daniels-Midland Company has a 52 week low of $48.40 and a 52 week high of $69.85.

Archer-Daniels-Midland Dividend Announcement

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

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

Analyst Ratings Changes

Several equities analysts have commented on ADM shares. Morgan Stanley lowered their target price 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. Citigroup raised their target price 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. Barclays lowered their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 4th. 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 objective for the company. Finally, BMO Capital Markets reduced 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. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, 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.