Godsey & Gibb Inc. Sells 291,734 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Godsey & Gibb Inc. decreased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 99.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,020 shares of the company's stock after selling 291,734 shares during the period. Godsey & Gibb Inc.'s holdings in Archer-Daniels-Midland were worth $153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pacer Advisors Inc. raised its stake in shares of Archer-Daniels-Midland by 15,790.1% in the 2nd quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company's stock valued at $459,232,000 after purchasing an additional 7,549,083 shares during the period. Wellington Management Group LLP boosted its position in shares of 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 worth $1,160,755,000 after buying an additional 5,702,451 shares during the period. AQR Capital Management LLC grew its holdings in shares of Archer-Daniels-Midland by 73.6% during the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company's stock worth $170,960,000 after buying an additional 1,199,992 shares in the last quarter. State Street Corp raised its position 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 buying an additional 1,018,256 shares during the last quarter. Finally, FMR LLC lifted 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 valued at $237,757,000 after acquiring an additional 1,007,494 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded down $0.14 during trading hours on Thursday, hitting $51.00. The company had a trading volume of 2,051,120 shares, compared to its average volume of 2,842,222. Archer-Daniels-Midland Company has a one year low of $48.40 and a one year high of $69.51. The firm has a market cap of $24.40 billion, a PE ratio of 14.57 and a beta of 0.72. The firm has a 50-day moving average of $51.78 and a 200 day moving average of $56.98. 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 declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors 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 yield of 3.92%. Archer-Daniels-Midland's payout ratio is currently 57.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays lowered their price objective 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. Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 12th. BMO Capital Markets lowered 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 report on Wednesday, December 4th. Citigroup increased their price target 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, Bank of America lowered Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $63.00 to $54.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $59.08.

Archer-Daniels-Midland 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.