Dakota Wealth Management Decreases Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Dakota Wealth Management lowered its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,083 shares of the company’s stock after selling 3,247 shares during the period. Dakota Wealth Management’s holdings in Archer-Daniels-Midland were worth $3,743,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ADM. MCF Advisors LLC increased its position in shares of Archer-Daniels-Midland by 20.8% during the 4th quarter. MCF Advisors LLC now owns 4,498 shares of the company’s stock valued at $227,000 after purchasing an additional 775 shares during the last quarter. Uncommon Cents Investing LLC increased its position in Archer-Daniels-Midland by 1.9% during the fourth quarter. Uncommon Cents Investing LLC now owns 91,930 shares of the company’s stock valued at $4,644,000 after acquiring an additional 1,735 shares during the last quarter. Monarch Capital Management Inc. raised its stake in shares of Archer-Daniels-Midland by 9.1% in the fourth quarter. Monarch Capital Management Inc. now owns 12,080 shares of the company’s stock valued at $610,000 after acquiring an additional 1,010 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Archer-Daniels-Midland by 2.2% in the 4th quarter. HB Wealth Management LLC now owns 35,359 shares of the company’s stock worth $1,786,000 after acquiring an additional 768 shares during the last quarter. Finally, Verity & Verity LLC boosted its stake in shares of Archer-Daniels-Midland by 7.8% during the 4th quarter. Verity & Verity LLC now owns 170,273 shares of the company’s stock worth $8,602,000 after purchasing an additional 12,388 shares during the period. 78.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADM has been the subject of several recent analyst reports. Barclays dropped their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday. Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective for the company. BMO Capital Markets decreased 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. Morgan Stanley cut 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 report on Tuesday, November 12th. Finally, Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus target price of $56.89.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $50.55 on Thursday. The firm has a market cap of $24.19 billion, a price-to-earnings ratio of 14.44 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $48.40 and a 52-week high of $66.08. 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’s 50 day moving average is $51.70 and its 200 day moving average is $56.64.

Archer-Daniels-Midland Announces Dividend

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

Archer-Daniels-Midland declared that its board has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors 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.