Nisa Investment Advisors LLC Trims Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Nisa Investment Advisors LLC lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 125,648 shares of the company’s stock after selling 1,075 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Archer-Daniels-Midland were worth $6,348,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stephens began 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 target on the stock. Morgan Stanley decreased 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. Citigroup upped their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Barclays decreased their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday. Finally, 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 report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $56.89.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $50.52 on Friday. The stock’s 50-day simple moving average is $51.64 and its 200-day simple moving average is $56.56. The firm has a market capitalization of $24.17 billion, a PE ratio of 14.43 and a beta of 0.72. Archer-Daniels-Midland Company has a fifty-two week low of $48.40 and a fifty-two week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40.

Archer-Daniels-Midland announced that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Archer-Daniels-Midland Announces Dividend

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

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.