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

Uncommon Cents Investing LLC grew its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,930 shares of the company’s stock after buying an additional 1,735 shares during the period. Archer-Daniels-Midland accounts for approximately 1.4% of Uncommon Cents Investing LLC’s portfolio, making the stock its 13th largest holding. Uncommon Cents Investing LLC’s holdings in Archer-Daniels-Midland were worth $4,644,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Empower Advisory Group LLC lifted its stake in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock worth $68,011,000 after purchasing an additional 68,133 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Archer-Daniels-Midland by 30.7% in the fourth quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company’s stock worth $105,163,000 after purchasing an additional 489,217 shares during the period. Kieckhefer Group LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter valued at $2,339,000. Pacer Advisors Inc. grew its position in Archer-Daniels-Midland by 6.4% during the third quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after buying an additional 489,554 shares in the last quarter. Finally, Marathon Asset Management Ltd increased its stake in Archer-Daniels-Midland by 4.5% in the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after acquiring an additional 13,177 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ADM. Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $63.00 to $54.00 in a report on Tuesday, January 14th. Stephens assumed coverage on shares of Archer-Daniels-Midland in a research note on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 price target for the company. Citigroup raised 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 report on Wednesday, December 4th. Barclays dropped their price objective on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a report on Wednesday, December 4th. Finally, 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 research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $59.08.

Archer-Daniels-Midland Stock Up 0.4 %

Shares of Archer-Daniels-Midland stock opened at $51.23 on Monday. The company’s 50 day moving average price is $51.73 and its 200-day moving average price is $56.84. Archer-Daniels-Midland Company has a 52-week low of $48.40 and a 52-week high of $68.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 14.64 and a beta of 0.72.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a $0.50 dividend. 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 initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

About Archer-Daniels-Midland

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.