EP Wealth Advisors LLC Has $371,000 Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

EP Wealth Advisors LLC decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 39.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,207 shares of the company’s stock after selling 4,042 shares during the period. EP Wealth Advisors LLC’s holdings in Archer-Daniels-Midland were worth $371,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Focused Wealth Management Inc lifted its position in shares of Archer-Daniels-Midland by 3.3% during the 2nd quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock worth $323,000 after purchasing an additional 169 shares during the last quarter. Accordant Advisory Group Inc lifted its holdings in shares of Archer-Daniels-Midland by 0.8% during the second quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock worth $1,418,000 after buying an additional 176 shares during the last quarter. Legacy Capital Group California Inc. boosted its position in shares of Archer-Daniels-Midland by 1.2% in the second quarter. Legacy Capital Group California Inc. now owns 15,327 shares of the company’s stock valued at $927,000 after acquiring an additional 181 shares during the period. Lake Street Advisors Group LLC grew its stake in shares of Archer-Daniels-Midland by 4.8% in the third quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock worth $240,000 after acquiring an additional 183 shares during the last quarter. Finally, OLD National Bancorp IN increased its position in Archer-Daniels-Midland by 0.9% during the third quarter. OLD National Bancorp IN now owns 20,648 shares of the company’s stock worth $1,234,000 after acquiring an additional 189 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Trading Up 0.3 %

Shares of Archer-Daniels-Midland stock opened at $53.09 on Friday. The stock has a market capitalization of $25.41 billion, a P/E ratio of 15.13 and a beta of 0.72. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35. 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 has a 50-day simple moving average of $54.75 and a 200 day simple moving average of $58.76.

Archer-Daniels-Midland announced that its board has authorized a share buyback plan on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 57.14%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ADM. Stephens started coverage on shares of Archer-Daniels-Midland in a report on Wednesday. They issued an “equal weight” rating and a $55.00 price target 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 on the stock in a research report on Wednesday, December 4th. Barclays cut their price target on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a report on Wednesday, December 4th. Citigroup lifted their price objective 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, Morgan Stanley cut their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.62.

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.