Sugarloaf Wealth Management LLC Acquires 825 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Sugarloaf Wealth Management LLC increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 20.1% in the fourth quarter, Holdings Channel reports. The firm owned 4,937 shares of the company’s stock after buying an additional 825 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADM. State Street Corp grew its position in shares of Archer-Daniels-Midland by 3.3% during the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after buying an additional 1,018,256 shares during the period. Wellington Management Group LLP raised its holdings in Archer-Daniels-Midland by 41.5% in 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 period. Pacer Advisors Inc. grew its holdings in shares of Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after buying an additional 489,554 shares during the period. FMR LLC increased its position in shares of Archer-Daniels-Midland by 33.9% in the 3rd 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. Finally, Charles Schwab Investment Management Inc. raised its stake in Archer-Daniels-Midland by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock worth $215,533,000 after buying an additional 63,883 shares during the period. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

ADM has been the subject of several recent analyst reports. Citigroup increased their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Barclays reduced their price target on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a report on Wednesday, December 4th. Stephens initiated coverage on shares of Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective on the stock. Finally, BMO Capital Markets reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.62.

Archer-Daniels-Midland Stock Up 2.6 %

ADM traded up $1.28 on Friday, hitting $51.12. 2,595,011 shares of the company were exchanged, compared to its average volume of 2,403,820. 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’s fifty day moving average is $51.97 and its 200-day moving average is $57.27. The company has a market cap of $24.46 billion, a PE 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 $70.51.

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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is presently 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.