Burney Co. Decreases Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Burney Co. decreased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,267 shares of the company’s stock after selling 21,724 shares during the quarter. Burney Co.’s holdings in Archer-Daniels-Midland were worth $1,630,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in shares of Archer-Daniels-Midland by 15,790.1% during the 2nd quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after acquiring an additional 7,549,083 shares in the last quarter. Wellington Management Group LLP raised its holdings in Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after purchasing an additional 5,702,451 shares during the last quarter. AQR Capital Management LLC boosted its position in Archer-Daniels-Midland by 73.6% during the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock worth $170,960,000 after purchasing an additional 1,199,992 shares in the last quarter. State Street Corp grew its holdings in Archer-Daniels-Midland by 3.3% in 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. Finally, FMR LLC increased its position in shares of Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after buying an additional 1,007,494 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.3 %

Shares of ADM stock opened at $51.00 on Friday. Archer-Daniels-Midland Company has a 1-year low of $48.40 and a 1-year high of $69.51. The firm’s 50-day simple moving average is $51.78 and its 200-day simple moving average is $56.98. The firm has a market cap of $24.40 billion, a P/E ratio of 14.57 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.92%. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ADM shares. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $63.00 to $54.00 in a research note on Tuesday. Morgan Stanley lowered 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 upped their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Barclays dropped their price target on 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. Finally, BMO Capital Markets reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus price target of $59.08.

Archer-Daniels-Midland 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.