City Holding Co. Cuts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

City Holding Co. trimmed its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 25.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,617 shares of the company’s stock after selling 1,585 shares during the quarter. City Holding Co.’s holdings in Archer-Daniels-Midland were worth $233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Monarch Capital Management Inc. increased its stake in Archer-Daniels-Midland by 9.1% during the 4th quarter. Monarch Capital Management Inc. now owns 12,080 shares of the company’s stock valued at $610,000 after purchasing an additional 1,010 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Archer-Daniels-Midland by 2.2% during the fourth quarter. HB Wealth Management LLC now owns 35,359 shares of the company’s stock valued at $1,786,000 after buying an additional 768 shares during the last quarter. Verity & Verity LLC raised its holdings in Archer-Daniels-Midland by 7.8% in the 4th quarter. Verity & Verity LLC now owns 170,273 shares of the company’s stock worth $8,602,000 after acquiring an additional 12,388 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in Archer-Daniels-Midland by 2.7% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 13,144 shares of the company’s stock valued at $664,000 after acquiring an additional 350 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in Archer-Daniels-Midland by 11.6% during the 4th quarter. Merit Financial Group LLC now owns 5,344 shares of the company’s stock valued at $270,000 after purchasing an additional 555 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADM has been the topic of a number of research analyst reports. Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. BMO Capital Markets dropped their price target on shares of 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. Citigroup increased their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Barclays cut their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a research report on Wednesday, December 4th. Finally, Morgan Stanley lowered their price target 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. Two equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.08.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $51.23 on Tuesday. The stock has a market cap of $24.52 billion, a price-to-earnings ratio of 14.64 and a beta of 0.72. Archer-Daniels-Midland Company has a 12 month low of $48.40 and a 12 month high of $68.85. The company’s 50 day moving average is $51.73 and its two-hundred day moving average is $56.79. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.90%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign 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.