Sage Capital Advisors llc Has $5.81 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Sage Capital Advisors llc cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 8.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 115,068 shares of the company’s stock after selling 11,301 shares during the quarter. Archer-Daniels-Midland accounts for 1.5% of Sage Capital Advisors llc’s investment portfolio, making the stock its 19th biggest holding. Sage Capital Advisors llc’s holdings in Archer-Daniels-Midland were worth $5,813,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ADM. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland in the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $26,000. Altshuler Shaham Ltd bought a new stake in Archer-Daniels-Midland in the 2nd quarter valued at about $28,000. Peterson Financial Group Inc. bought a new position in Archer-Daniels-Midland in the third quarter worth approximately $28,000. Finally, ST Germain D J Co. Inc. grew its stake in Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after acquiring an additional 500 shares during the period. Institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ADM shares. Barclays cut their target price on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a report on Wednesday, December 4th. Stephens assumed coverage on shares of Archer-Daniels-Midland in a report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 target price on the stock. Citigroup lifted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Morgan Stanley dropped their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Finally, BMO Capital Markets dropped their price objective on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 4th. One investment 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 currently has an average rating of “Hold” and a consensus price target of $60.62.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock traded up $1.47 during trading on Friday, reaching $51.31. 2,111,592 shares of the company’s stock traded hands, compared to its average volume of 2,317,407. Archer-Daniels-Midland Company has a 1 year low of $48.40 and a 1 year high of $70.51. The firm’s 50-day moving average is $51.97 and its 200 day moving average is $57.27. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $24.55 billion, a P/E ratio of 14.66 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 57.14%.

Archer-Daniels-Midland declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership 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.