Brooklyn Investment Group Sells 481 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Brooklyn Investment Group lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,384 shares of the company’s stock after selling 481 shares during the quarter. Brooklyn Investment Group’s holdings in Archer-Daniels-Midland were worth $173,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Lake Street Advisors Group LLC raised its holdings in shares of Archer-Daniels-Midland by 4.8% during the third quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock valued at $240,000 after acquiring an additional 183 shares in the last quarter. OLD National Bancorp IN raised its stake in Archer-Daniels-Midland by 0.9% during the 3rd quarter. OLD National Bancorp IN now owns 20,648 shares of the company’s stock valued at $1,234,000 after buying an additional 189 shares during the last quarter. UMB Bank n.a. lifted its holdings in Archer-Daniels-Midland by 3.4% in the third quarter. UMB Bank n.a. now owns 5,830 shares of the company’s stock valued at $348,000 after acquiring an additional 194 shares during the period. NorthCrest Asset Manangement LLC grew its position in Archer-Daniels-Midland by 4.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company’s stock valued at $306,000 after buying an additional 201 shares during the period. Finally, West Financial Advisors LLC increased its stake in shares of Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock worth $111,000 after purchasing an additional 201 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ADM shares. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Citigroup boosted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Stephens began 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 on the stock. Finally, BMO Capital Markets reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $59.08.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $51.23 on Friday. 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 has a market capitalization of $24.52 billion, a PE ratio of 14.64 and a beta of 0.72. Archer-Daniels-Midland Company has a fifty-two week low of $48.40 and a fifty-two week high of $68.85. The company has a fifty day moving average of $51.73 and a two-hundred day moving average of $56.87.

Archer-Daniels-Midland Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

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

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.