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

Sage Capital Advisors llc decreased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 115,068 shares of the company’s stock after selling 11,301 shares during the period. Archer-Daniels-Midland accounts for about 1.5% of Sage Capital Advisors llc’s portfolio, making the stock its 19th largest 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.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Harbor Capital Advisors Inc. acquired a new position in shares of Archer-Daniels-Midland in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland during the 3rd quarter worth $26,000. Altshuler Shaham Ltd acquired a new stake in shares of Archer-Daniels-Midland during the second quarter worth $28,000. Peterson Financial Group Inc. acquired a new position in shares of Archer-Daniels-Midland in the third quarter valued at about $28,000. Finally, ST Germain D J Co. Inc. raised its stake in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADM. Citigroup raised their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets cut their target price 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. Barclays dropped their price target on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a research note on Wednesday, December 4th. Stephens initiated 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. Finally, Morgan Stanley reduced their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.62.

Archer-Daniels-Midland Trading Up 2.9 %

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

Archer-Daniels-Midland Dividend Announcement

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

Archer-Daniels-Midland declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Company 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.