Royal Fund Management LLC Sells 13,724 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Royal Fund Management LLC lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 41.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,412 shares of the company’s stock after selling 13,724 shares during the period. Royal Fund Management LLC’s holdings in Archer-Daniels-Midland were worth $981,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after acquiring an additional 1,018,256 shares during the period. Wellington Management Group LLP lifted its position in Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after purchasing an additional 5,702,451 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after purchasing an additional 489,554 shares during the last quarter. FMR LLC grew its position in shares of Archer-Daniels-Midland by 33.9% during the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after buying an additional 1,007,494 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Archer-Daniels-Midland by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock valued at $215,533,000 after buying an additional 63,883 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ADM. Stephens assumed coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 target price for the company. BMO Capital Markets cut their target price on 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 Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price target for the company from $63.00 to $54.00 in a research report on Tuesday, January 14th. Finally, Barclays lowered their target price on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $58.62.

Archer-Daniels-Midland Stock Down 0.2 %

ADM stock opened at $51.21 on Wednesday. The business has a 50-day moving average of $51.71 and a 200-day moving average of $56.71. Archer-Daniels-Midland Company has a fifty-two week low of $48.40 and a fifty-two week high of $66.08. The stock has a market capitalization of $24.51 billion, a P/E ratio of 14.63 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders 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 annualized dividend 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 repurchase plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management 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.