Fifth Third Bancorp Cuts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Fifth Third Bancorp decreased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 41.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,769 shares of the company's stock after selling 12,016 shares during the period. Fifth Third Bancorp's holdings in Archer-Daniels-Midland were worth $847,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. apricus wealth LLC lifted its holdings in Archer-Daniels-Midland by 10.7% in the fourth quarter. apricus wealth LLC now owns 40,626 shares of the company's stock valued at $2,052,000 after buying an additional 3,940 shares during the period. Pflug Koory LLC boosted its position in shares of Archer-Daniels-Midland by 5.1% in the 4th quarter. Pflug Koory LLC now owns 14,749 shares of the company's stock worth $745,000 after purchasing an additional 712 shares during the last quarter. Impact Partnership Wealth LLC grew its stake in shares of Archer-Daniels-Midland by 5.6% during the fourth quarter. Impact Partnership Wealth LLC now owns 12,257 shares of the company's stock worth $619,000 after purchasing an additional 651 shares during the period. Cornerstone Wealth Management LLC increased its holdings in Archer-Daniels-Midland by 12.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 5,971 shares of the company's stock valued at $302,000 after purchasing an additional 676 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after buying an additional 357 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ADM shares. Barclays reduced their price objective on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. Stephens assumed coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, December 11th. They issued an "equal weight" rating and a $55.00 price objective for the company. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a report on Tuesday, November 12th. Citigroup lifted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets dropped their price objective on Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating on the stock in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $56.89.

Archer-Daniels-Midland Trading Down 0.1 %

NYSE:ADM traded down $0.03 during trading hours on Thursday, hitting $51.63. 382,742 shares of the company were exchanged, compared to its average volume of 2,763,487. The stock has a market capitalization of $24.71 billion, a price-to-earnings ratio of 14.76 and a beta of 0.72. The company has a fifty day simple moving average of $51.49 and a 200 day simple moving average of $56.15. 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 one year low of $48.40 and a one year high of $66.08.

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

Archer-Daniels-Midland Announces Dividend

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

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.