Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Dakota Wealth Management

Dakota Wealth Management decreased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,083 shares of the company’s stock after selling 3,247 shares during the quarter. Dakota Wealth Management’s holdings in Archer-Daniels-Midland were worth $3,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC raised its holdings in shares of Archer-Daniels-Midland by 4.8% in the third 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 during the last quarter. OLD National Bancorp IN lifted its position in Archer-Daniels-Midland by 0.9% during the 3rd 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 during the period. UMB Bank n.a. grew its stake in Archer-Daniels-Midland by 3.4% during the 3rd quarter. UMB Bank n.a. now owns 5,830 shares of the company’s stock valued at $348,000 after purchasing an additional 194 shares during the last quarter. NorthCrest Asset Manangement LLC raised its stake in shares of Archer-Daniels-Midland by 4.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company’s stock worth $306,000 after purchasing an additional 201 shares during the last quarter. Finally, West Financial Advisors LLC lifted its holdings in shares of 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 period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Trading Down 1.3 %

Shares of Archer-Daniels-Midland stock opened at $50.55 on Thursday. Archer-Daniels-Midland Company has a twelve month low of $48.40 and a twelve month high of $66.08. The firm’s 50-day moving average price is $51.70 and its 200 day moving average price is $56.64. 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 firm has a market capitalization of $24.19 billion, a PE ratio of 14.44 and a beta of 0.72.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Analyst Ratings Changes

A number of research firms have issued reports on ADM. Barclays reduced their price target on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday. BMO Capital Markets cut their price target on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 4th. Morgan Stanley decreased their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Citigroup raised their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Bank of America lowered 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 research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.89.

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.