CWA Asset Management Group LLC Has $257,000 Stake in Archer-Daniels-Midland Company (NYSE:ADM)

CWA Asset Management Group LLC cut its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,087 shares of the company’s stock after selling 238 shares during the period. CWA Asset Management Group LLC’s holdings in Archer-Daniels-Midland were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC grew its holdings in shares of Archer-Daniels-Midland by 4.8% during the third quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock worth $240,000 after buying an additional 183 shares in the last quarter. OLD National Bancorp IN lifted its position in Archer-Daniels-Midland by 0.9% during the 3rd quarter. OLD National Bancorp IN now owns 20,648 shares of the company’s stock worth $1,234,000 after buying an additional 189 shares in the last quarter. UMB Bank n.a. grew its stake in Archer-Daniels-Midland by 3.4% in the third quarter. UMB Bank n.a. now owns 5,830 shares of the company’s stock valued at $348,000 after purchasing an additional 194 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of Archer-Daniels-Midland by 4.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company’s stock valued at $306,000 after buying an additional 201 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in Archer-Daniels-Midland by 3.3% during the third quarter. Atomi Financial Group Inc. now owns 6,591 shares of the company’s stock worth $394,000 after buying an additional 210 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets cut their price target on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a report on Wednesday, December 4th. Barclays cut their target price on shares of 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 decreased their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Finally, Stephens began coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective for the company. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $60.62.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $49.92 on Friday. The firm’s 50 day simple moving average is $51.97 and its 200 day simple moving average is $57.27. 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 Company has a 1 year low of $48.40 and a 1 year high of $70.99. The firm has a market capitalization of $23.89 billion, a price-to-earnings ratio of 14.26 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued 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 4.01%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 57.14%.

Archer-Daniels-Midland announced that its board has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is 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.