Fortem Financial Group LLC Decreases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Fortem Financial Group LLC cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,920 shares of the company’s stock after selling 1,365 shares during the quarter. Fortem Financial Group LLC’s holdings in Archer-Daniels-Midland were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Empower Advisory Group LLC increased its stake in shares of Archer-Daniels-Midland by 6.4% during the third quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock valued at $68,011,000 after buying an additional 68,133 shares during the period. Pacer Advisors Inc. raised its holdings in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after purchasing an additional 489,554 shares in the last quarter. Marathon Asset Management Ltd lifted its position in shares of 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 purchasing an additional 13,177 shares during the period. CFS Investment Advisory Services LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $1,526,000. Finally, Bank of Montreal Can raised its stake in Archer-Daniels-Midland by 8.6% in the third quarter. Bank of Montreal Can now owns 559,660 shares of the company’s stock worth $33,580,000 after buying an additional 44,241 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group raised their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Citigroup upped their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Morgan Stanley lowered their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. BMO Capital Markets decreased their target price on shares of 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. Finally, Stephens started coverage on Archer-Daniels-Midland in a research report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.62.

Archer-Daniels-Midland Stock Performance

Shares of ADM traded down $0.51 during mid-day trading on Monday, hitting $49.54. 1,329,928 shares of the company traded hands, compared to its average volume of 1,742,027. Archer-Daniels-Midland Company has a 1 year low of $48.92 and a 1 year high of $71.08. 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 50-day moving average price of $52.48 and a two-hundred day moving average price of $57.54. The stock has a market cap of $23.71 billion, a price-to-earnings ratio of 14.15 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. Stockholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.04%. Archer-Daniels-Midland’s payout ratio is 57.14%.

Archer-Daniels-Midland declared that its board has authorized a share repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board 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.