Chicago Capital LLC Has $350,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Chicago Capital LLC lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 32.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,937 shares of the company’s stock after selling 3,358 shares during the quarter. Chicago Capital LLC’s holdings in Archer-Daniels-Midland were worth $350,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in shares of Archer-Daniels-Midland during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Archer-Daniels-Midland in the 3rd quarter valued at $26,000. Peterson Financial Group Inc. acquired a new stake in shares of Archer-Daniels-Midland during the third quarter worth $28,000. Raleigh Capital Management Inc. boosted its position in shares of Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 357 shares during the period. Finally, ST Germain D J Co. Inc. grew its stake in shares of Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 2.4 %

Shares of NYSE ADM opened at $50.01 on Tuesday. The stock has a market cap of $23.93 billion, a P/E ratio of 14.29 and a beta of 0.72. The firm has a 50 day moving average price of $51.42 and a two-hundred day moving average price of $55.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. Archer-Daniels-Midland Company has a 52-week low of $48.40 and a 52-week high of $66.08.

Archer-Daniels-Midland announced that its board has authorized 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 reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.00%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ADM shares. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $63.00 to $54.00 in a report on Tuesday, January 14th. Morgan Stanley reduced their target price 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. 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 on the stock in a research note on Wednesday, December 4th. Citigroup boosted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, Barclays lowered 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 research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus target price of $56.89.

Check Out Our Latest Report on Archer-Daniels-Midland

About Archer-Daniels-Midland

(Free Report)

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.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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