Uncommon Cents Investing LLC Purchases 1,735 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Uncommon Cents Investing LLC boosted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 91,930 shares of the company’s stock after buying an additional 1,735 shares during the quarter. Archer-Daniels-Midland comprises approximately 1.4% of Uncommon Cents Investing LLC’s investment portfolio, making the stock its 13th largest position. Uncommon Cents Investing LLC’s holdings in Archer-Daniels-Midland were worth $4,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Federated Hermes Inc. boosted its stake in Archer-Daniels-Midland by 547.9% during the second quarter. Federated Hermes Inc. now owns 19,289 shares of the company’s stock worth $1,166,000 after acquiring an additional 16,312 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of Archer-Daniels-Midland in the 2nd quarter worth approximately $206,000. AE Wealth Management LLC grew its stake in shares of Archer-Daniels-Midland by 157.5% in the 2nd quarter. AE Wealth Management LLC now owns 76,185 shares of the company’s stock worth $4,605,000 after buying an additional 46,595 shares during the last quarter. Summit Trail Advisors LLC bought a new position in Archer-Daniels-Midland during the 2nd quarter valued at approximately $251,000. Finally, Ensign Peak Advisors Inc raised its stake in Archer-Daniels-Midland by 1.4% during the second quarter. Ensign Peak Advisors Inc now owns 513,681 shares of the company’s stock valued at $31,052,000 after buying an additional 7,200 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

ADM has been the subject of several analyst reports. Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Citigroup lifted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Morgan Stanley decreased their price objective 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. Finally, Stephens initiated coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 target price for the company. Two analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.08.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $51.23 on Monday. The firm’s 50 day moving average price is $51.73 and its 200-day moving average price is $56.84. 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 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 twelve month low of $48.40 and a twelve month high of $68.85.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 57.14%.

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. Shares repurchase programs are generally an indication that the company’s board believes its shares are 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.