Central Pacific Bank Trust Division Decreases Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Central Pacific Bank Trust Division trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,700 shares of the company’s stock after selling 1,800 shares during the period. Central Pacific Bank Trust Division’s holdings in Archer-Daniels-Midland were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Archer-Daniels-Midland in the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland during the 3rd quarter valued at approximately $26,000. Altshuler Shaham Ltd purchased a new stake in shares of Archer-Daniels-Midland in the 2nd quarter valued at $28,000. Peterson Financial Group Inc. purchased a new position in shares of Archer-Daniels-Midland during the third quarter worth $28,000. Finally, Sachetta LLC lifted its position in Archer-Daniels-Midland by 39.8% during the second quarter. Sachetta LLC now owns 737 shares of the company’s stock valued at $46,000 after purchasing an additional 210 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays reduced their price objective on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a research note on Wednesday, December 4th. Morgan Stanley lowered their price objective 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. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 4th. Citigroup raised their target price on 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, Stephens initiated 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 for the company. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus target price of $60.62.

Archer-Daniels-Midland Price Performance

ADM opened at $50.05 on Friday. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $73.25. The stock’s 50-day moving average price is $52.61 and its 200 day moving average price is $57.64. The firm has a market cap of $23.95 billion, a price-to-earnings ratio of 14.30 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland declared that its board has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

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

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.