MCF Advisors LLC Buys 775 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

MCF Advisors LLC increased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,498 shares of the company’s stock after purchasing an additional 775 shares during the quarter. MCF Advisors LLC’s holdings in Archer-Daniels-Midland were worth $227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Trail Advisors LLC purchased a new stake in Archer-Daniels-Midland in the second quarter worth about $251,000. Public Sector Pension Investment Board boosted its stake in shares of Archer-Daniels-Midland by 52.2% during the second quarter. Public Sector Pension Investment Board now owns 18,004 shares of the company’s stock valued at $1,088,000 after purchasing an additional 6,171 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Archer-Daniels-Midland by 50.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 96,105 shares of the company’s stock worth $5,810,000 after buying an additional 32,223 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in Archer-Daniels-Midland during the second quarter worth $145,000. Finally, AQR Capital Management LLC increased its holdings in shares of Archer-Daniels-Midland by 73.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock valued at $170,960,000 after acquiring an additional 1,199,992 shares during the period. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Trading Down 1.3 %

Shares of NYSE:ADM opened at $50.55 on Thursday. The business has a 50-day moving average price of $51.70 and a 200-day moving average price of $56.64. The stock has a market cap of $24.19 billion, a price-to-earnings ratio of 14.44 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $48.40 and a 52-week high of $66.08. 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 declared that its board has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

The firm 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. This represents a $2.00 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 57.14%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADM. Barclays dropped their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday. Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Stephens began coverage on shares of Archer-Daniels-Midland in a research note on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 target price for the company. BMO Capital Markets lowered 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. Finally, Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $63.00 to $54.00 in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.