City Center Advisors LLC Purchases 888 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

City Center Advisors LLC grew its position in Archer-Daniels-Midland Company (NYSE:ADM) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,968 shares of the company’s stock after purchasing an additional 888 shares during the period. City Center Advisors LLC’s holdings in Archer-Daniels-Midland were worth $352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Czech National Bank raised its holdings in shares of Archer-Daniels-Midland by 6.4% in the fourth quarter. Czech National Bank now owns 103,671 shares of the company’s stock valued at $5,237,000 after purchasing an additional 6,269 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in Archer-Daniels-Midland by 20.1% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 4,937 shares of the company’s stock valued at $249,000 after buying an additional 825 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in Archer-Daniels-Midland by 724.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after buying an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Archer-Daniels-Midland by 2.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 50,803 shares of the company’s stock worth $2,567,000 after buying an additional 1,352 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Archer-Daniels-Midland by 30.7% in the 4th quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company’s stock valued at $105,163,000 after acquiring an additional 489,217 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $51.13 on Monday. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of 14.61 and a beta of 0.72. The stock’s 50 day moving average is $51.90 and its 200-day moving average is $57.15. 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 Company has a 12 month low of $48.40 and a 12 month high of $70.51.

Archer-Daniels-Midland declared that its board has approved a share repurchase program on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.91%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 57.14%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADM. Barclays reduced their price target on 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. Citigroup raised their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. 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 research report on Wednesday, December 4th. Stephens initiated coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 price objective for the company. Finally, Morgan Stanley dropped their target price on shares of 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. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.62.

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.