Fortem Financial Group LLC Sells 1,365 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Fortem Financial Group LLC lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 11.1% during the 4th quarter, HoldingsChannel reports. The fund owned 10,920 shares of the company’s stock after selling 1,365 shares during the quarter. Fortem Financial Group LLC’s holdings in Archer-Daniels-Midland were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Lake Street Advisors Group LLC lifted its position in 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 purchasing an additional 183 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of 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 in the last quarter. UMB Bank n.a. grew its stake in shares of Archer-Daniels-Midland by 3.4% during the 3rd 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 raised its stake in Archer-Daniels-Midland by 4.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company’s stock worth $306,000 after acquiring an additional 201 shares during the period. Finally, Sachetta LLC lifted its holdings in Archer-Daniels-Midland by 39.8% during the second quarter. Sachetta LLC now owns 737 shares of the company’s stock valued at $46,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 1.0 %

ADM traded down $0.51 during trading hours on Monday, reaching $49.54. 1,329,928 shares of the company’s stock traded hands, compared to its average volume of 1,742,027. 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 firm has a 50-day moving average price of $52.48 and a 200 day moving average price of $57.54. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $71.08. The firm has a market capitalization of $23.71 billion, a PE ratio of 14.15 and a beta of 0.72.

Archer-Daniels-Midland declared that its Board of Directors has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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 annualized dividend and a yield of 4.04%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ADM shares. Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target on the stock. Morgan Stanley lowered their price target on 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. Citigroup increased their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. UBS Group upped their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Barclays cut their price objective 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. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and an average price target of $60.62.

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.