Bank & Trust Co Sells 513 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Bank & Trust Co decreased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,604 shares of the company’s stock after selling 513 shares during the period. Bank & Trust Co’s holdings in Archer-Daniels-Midland were worth $586,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ADM. State Street Corp lifted its holdings in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after purchasing an additional 1,018,256 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after buying an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Archer-Daniels-Midland by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after purchasing an additional 489,554 shares during the last quarter. FMR LLC raised its position in Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after acquiring an additional 1,007,494 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Archer-Daniels-Midland by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock worth $215,533,000 after purchasing an additional 63,883 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Performance

NYSE ADM traded up $0.38 during trading hours on Tuesday, reaching $50.01. The stock had a trading volume of 543,879 shares, compared to its average volume of 1,703,351. 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 fifty day moving average of $52.32 and a 200 day moving average of $57.46. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $71.08. The stock has a market cap of $23.93 billion, a P/E ratio of 14.29 and a beta of 0.72.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

The company also recently announced 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 4.00%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADM. Barclays dropped 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. UBS Group increased their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. 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 dropped their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Finally, Citigroup upped their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $60.62.

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.