Eads & Heald Wealth Management Decreases Position in Archer-Daniels-Midland Company (NYSE:ADM)

Eads & Heald Wealth Management reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 27.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,794 shares of the company’s stock after selling 2,948 shares during the period. Eads & Heald Wealth Management’s holdings in Archer-Daniels-Midland were worth $394,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. purchased a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland during the 3rd quarter valued at $26,000. Peterson Financial Group Inc. purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth $28,000. ST Germain D J Co. Inc. lifted its holdings in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after buying an additional 500 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Archer-Daniels-Midland during the third quarter valued at about $48,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.2 %

Shares of NYSE ADM opened at $51.21 on Wednesday. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 14.63 and a beta of 0.72. The stock’s 50 day simple moving average is $51.71 and its 200 day simple moving average is $56.71. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12-month low of $48.40 and a 12-month high of $66.08.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts recently commented on ADM shares. Citigroup boosted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets reduced their target price on 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. Stephens assumed coverage on shares of Archer-Daniels-Midland in a report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 price target on the stock. Barclays decreased their price objective on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday. Finally, Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their target price for the company from $63.00 to $54.00 in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and an average target price of $58.62.

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.