Burney Co. Sells 21,724 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Burney Co. reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 40.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,267 shares of the company's stock after selling 21,724 shares during the period. Burney Co.'s holdings in Archer-Daniels-Midland were worth $1,630,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ADM. State Street Corp boosted its holdings in Archer-Daniels-Midland by 3.3% in the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company's stock valued at $1,914,408,000 after purchasing an additional 1,018,256 shares during the period. Wellington Management Group LLP boosted its stake in Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock valued at $1,160,755,000 after buying an additional 5,702,451 shares during the period. 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. FMR LLC increased its stake in Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company's stock worth $237,757,000 after acquiring an additional 1,007,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company's stock valued at $215,533,000 after acquiring an additional 63,883 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Up 0.4 %

Shares of ADM stock traded up $0.22 during mid-day trading on Friday, reaching $51.23. 3,234,014 shares of the company's stock traded hands, compared to its average volume of 2,877,847. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company's 50-day moving average price is $51.75 and its 200-day moving average price is $56.94. The company has a market cap of $24.52 billion, a P/E ratio of 14.64 and a beta of 0.72. Archer-Daniels-Midland Company has a 12 month low of $48.40 and a 12 month high of $68.85.

Archer-Daniels-Midland announced that its board has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio is 57.14%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BMO Capital Markets decreased their price objective on shares of 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. 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. Barclays reduced their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating on the stock in a report on Wednesday, December 4th. Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an "equal weight" rating and a $55.00 target price for the company. Finally, Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $63.00 to $54.00 in a report on Tuesday. Two analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $59.08.

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.