City Holding Co. Sells 1,585 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

City Holding Co. reduced its position in Archer-Daniels-Midland Company (NYSE:ADM) by 25.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in Archer-Daniels-Midland during the third quarter valued at $26,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland in the 2nd quarter worth about $28,000. Peterson Financial Group Inc. purchased a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $28,000. Finally, ST Germain D J Co. Inc. boosted its position in shares of 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 valued at $29,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ADM shares. Stephens initiated coverage on shares of Archer-Daniels-Midland in a research note on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 target price on the stock. Morgan Stanley lowered their price objective 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. Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $63.00 to $54.00 in a research report on Tuesday, January 14th. BMO Capital Markets dropped 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. Finally, Citigroup lifted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.08.

Archer-Daniels-Midland Price Performance

ADM opened at $51.23 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The stock has a market capitalization of $24.52 billion, a PE ratio of 14.64 and a beta of 0.72. The stock’s 50 day moving average price is $51.73 and its 200-day moving average price is $56.79. Archer-Daniels-Midland Company has a 52-week low of $48.40 and a 52-week high of $68.85.

Archer-Daniels-Midland announced that its board has authorized a stock buyback plan on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

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