Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by West Financial Advisors LLC

West Financial Advisors LLC raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 10.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,201 shares of the company’s stock after acquiring an additional 201 shares during the period. West Financial Advisors LLC’s holdings in Archer-Daniels-Midland were worth $111,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in Archer-Daniels-Midland by 11.7% during the second quarter. American Century Companies Inc. now owns 277,696 shares of the company’s stock worth $16,787,000 after buying an additional 29,184 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Archer-Daniels-Midland by 547.9% during the 2nd quarter. Federated Hermes Inc. now owns 19,289 shares of the company’s stock worth $1,166,000 after acquiring an additional 16,312 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of Archer-Daniels-Midland by 5.3% in the second quarter. Citizens Financial Group Inc. RI now owns 16,071 shares of the company’s stock worth $971,000 after acquiring an additional 803 shares during the last quarter. Edgestream Partners L.P. grew its holdings in Archer-Daniels-Midland by 110.0% in the second quarter. Edgestream Partners L.P. now owns 22,132 shares of the company’s stock valued at $1,338,000 after purchasing an additional 11,594 shares during the period. Finally, Amalgamated Bank increased its position in Archer-Daniels-Midland by 18.4% during the second quarter. Amalgamated Bank now owns 130,674 shares of the company’s stock worth $7,899,000 after purchasing an additional 20,278 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

ADM has been the topic of a number of research analyst reports. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $63.00 to $54.00 in a report on Tuesday. Stephens initiated coverage on Archer-Daniels-Midland in a research report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target for the company. Barclays cut their price objective on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a report on Wednesday, December 4th. Citigroup boosted 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. Finally, BMO Capital Markets reduced 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. Two research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average price target of $59.08.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $51.15 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The company’s fifty day moving average price is $51.82 and its two-hundred day moving average price is $57.02. The firm has a market capitalization of $24.48 billion, a P/E ratio of 14.61 and a beta of 0.72. Archer-Daniels-Midland Company has a 12 month low of $48.40 and a 12 month high of $69.85.

Archer-Daniels-Midland announced that its board has initiated a stock 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. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) 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.