Tidal Investments LLC Sells 19,659 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Tidal Investments LLC trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 31.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,593 shares of the company's stock after selling 19,659 shares during the period. Tidal Investments LLC's holdings in Archer-Daniels-Midland were worth $2,545,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland in the third quarter worth approximately $26,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland during the 2nd quarter valued at $28,000. Peterson Financial Group Inc. bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth $28,000. Finally, Sachetta LLC lifted its holdings in shares of Archer-Daniels-Midland by 39.8% in the second quarter. Sachetta LLC now owns 737 shares of the company's stock valued at $46,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup boosted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research 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. UBS Group lifted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Stephens initiated coverage on Archer-Daniels-Midland in a research report on Wednesday, December 11th. They set an "equal weight" rating and a $55.00 price objective for the company. Finally, BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating on the stock in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company's stock. According to MarketBeat, Archer-Daniels-Midland presently has an average rating of "Hold" and a consensus price target of $60.62.

Archer-Daniels-Midland Stock Down 1.3 %

Shares of NYSE:ADM traded down $0.69 during trading on Monday, reaching $51.71. 2,461,464 shares of the company traded hands, compared to its average volume of 4,134,167. The firm has a fifty day simple moving average of $54.50 and a 200 day simple moving average of $58.64. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $75.60. The firm has a market cap of $24.74 billion, a P/E ratio of 14.97 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 3.87%. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

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.