Kieckhefer Group LLC Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

Kieckhefer Group LLC purchased a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 46,300 shares of the company's stock, valued at approximately $2,339,000. Archer-Daniels-Midland accounts for about 1.4% of Kieckhefer Group LLC's investment portfolio, making the stock its 15th largest position.

Other hedge funds also recently made changes to their positions in the company. Lake Street Advisors Group LLC raised its position in shares of Archer-Daniels-Midland by 4.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company's stock worth $240,000 after purchasing an additional 183 shares during the period. OLD National Bancorp IN grew its position in Archer-Daniels-Midland by 0.9% in the 3rd quarter. OLD National Bancorp IN now owns 20,648 shares of the company's stock worth $1,234,000 after purchasing an additional 189 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Archer-Daniels-Midland by 3.4% in the third quarter. UMB Bank n.a. now owns 5,830 shares of the company's stock valued at $348,000 after purchasing an additional 194 shares during the period. NorthCrest Asset Manangement LLC raised its holdings in shares of Archer-Daniels-Midland by 4.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company's stock valued at $306,000 after buying an additional 201 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in shares of Archer-Daniels-Midland by 3.3% during the third quarter. Atomi Financial Group Inc. now owns 6,591 shares of the company's stock worth $394,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ADM shares. Barclays reduced their price target on Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating for the company in a research report on Wednesday, December 4th. BMO Capital Markets lowered their target price on shares of 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. Stephens started coverage on shares of Archer-Daniels-Midland in a report on Wednesday, December 11th. They issued an "equal weight" rating and a $55.00 price objective for the company. Morgan Stanley dropped their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 12th. Finally, Citigroup lifted 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. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $60.62.

Archer-Daniels-Midland Trading Up 2.0 %

Shares of NYSE:ADM traded up $1.01 during mid-day trading on Monday, hitting $52.10. The stock had a trading volume of 4,101,519 shares, compared to its average volume of 2,921,771. Archer-Daniels-Midland Company has a 12-month low of $48.40 and a 12-month high of $69.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The company has a market cap of $24.93 billion, a PE ratio of 14.89 and a beta of 0.72. The company's 50 day moving average is $51.90 and its 200-day moving average is $57.15.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland's payout ratio is 57.14%.

Archer-Daniels-Midland declared that its board has authorized a stock buyback plan on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is 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.