City State Bank Acquires 230 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

City State Bank boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 11.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,290 shares of the company’s stock after purchasing an additional 230 shares during the period. City State Bank’s holdings in Archer-Daniels-Midland were worth $116,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empower Advisory Group LLC raised its position in Archer-Daniels-Midland by 6.4% during the third quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock valued at $68,011,000 after acquiring an additional 68,133 shares in the last quarter. Nordea Investment Management AB raised its position in Archer-Daniels-Midland by 30.7% during the fourth 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. Pacer Advisors Inc. raised its position in Archer-Daniels-Midland by 6.4% during the third quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after acquiring an additional 489,554 shares in the last quarter. Marathon Asset Management Ltd raised its position in Archer-Daniels-Midland by 4.5% during the third quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock valued at $18,110,000 after acquiring an additional 13,177 shares in the last quarter. Finally, CFS Investment Advisory Services LLC bought a new position in shares of Archer-Daniels-Midland in the third quarter valued at approximately $1,526,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 2.0 %

ADM opened at $52.10 on Tuesday. Archer-Daniels-Midland Company has a fifty-two week low of $48.40 and a fifty-two week high of $69.85. 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 firm’s fifty day moving average price is $51.84 and its two-hundred day moving average price is $57.09. The company has a market capitalization of $24.93 billion, a P/E ratio of 14.89 and a beta of 0.72.

Archer-Daniels-Midland announced that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors 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. Shareholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.84%. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley dropped 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 research report on Tuesday, November 12th. Citigroup lifted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report 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. Barclays dropped their price target on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 4th. Finally, 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 target on the stock. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.