Stolper Co Has $1.69 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Stolper Co raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,416 shares of the company’s stock after buying an additional 483 shares during the period. Stolper Co’s holdings in Archer-Daniels-Midland were worth $1,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in Archer-Daniels-Midland in the 3rd quarter valued at about $26,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland in the second quarter worth approximately $28,000. Peterson Financial Group Inc. bought a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $28,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of 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 purchasing an additional 500 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ADM. Morgan Stanley cut their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Stephens started coverage on Archer-Daniels-Midland in a research report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 target price on the stock. Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $63.00 to $54.00 in a research note on Tuesday. Finally, Barclays lowered their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $59.08.

Archer-Daniels-Midland Stock Down 0.1 %

ADM stock opened at $51.15 on Thursday. Archer-Daniels-Midland Company has a twelve month low of $48.40 and a twelve month high of $69.85. 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 business has a 50 day moving average of $51.82 and a 200 day moving average of $57.02. The firm has a market cap of $24.48 billion, a PE ratio of 14.61 and a beta of 0.72.

Archer-Daniels-Midland Dividend Announcement

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

Archer-Daniels-Midland declared that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually 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.