Avior Wealth Management LLC Reduces Position in Archer-Daniels-Midland Company (NYSE:ADM)

Avior Wealth Management LLC reduced its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 87.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 846 shares of the company's stock after selling 5,772 shares during the quarter. Avior Wealth Management LLC's holdings in Archer-Daniels-Midland were worth $43,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADM. State Street Corp boosted its stake in Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock worth $1,914,408,000 after buying an additional 1,018,256 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock worth $1,160,755,000 after acquiring an additional 5,702,451 shares during the period. Pacer Advisors Inc. boosted its position in shares of Archer-Daniels-Midland by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company's stock valued at $483,084,000 after acquiring an additional 489,554 shares during the last quarter. FMR LLC grew its holdings in shares of Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company's stock valued at $237,757,000 after purchasing an additional 1,007,494 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Archer-Daniels-Midland by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company's stock worth $215,533,000 after purchasing an additional 63,883 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Trading Up 0.1 %

NYSE:ADM traded up $0.04 on Thursday, reaching $51.70. 344,390 shares of the company's stock were exchanged, compared to its average volume of 2,760,384. The firm has a market capitalization of $24.74 billion, a price-to-earnings ratio of 14.77 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $48.40 and a 52-week high of $66.08. 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 business has a fifty day moving average of $51.49 and a 200-day moving average of $56.15.

Archer-Daniels-Midland declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland's payout ratio is currently 57.14%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Stephens began coverage on shares of Archer-Daniels-Midland in a research note on Wednesday, December 11th. They issued an "equal weight" rating and a $55.00 price target for the company. Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 12th. BMO Capital Markets reduced 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. Bank of America lowered Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $63.00 to $54.00 in a research note on Tuesday, January 14th. Finally, Barclays cut their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.89.

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.