Kingswood Wealth Advisors LLC Decreases Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Kingswood Wealth Advisors LLC decreased its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 40.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,881 shares of the company's stock after selling 8,833 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Archer-Daniels-Midland were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Peterson Financial Group Inc. purchased a new position in shares of Archer-Daniels-Midland during the third quarter worth about $28,000. Raleigh Capital Management Inc. increased its position in Archer-Daniels-Midland by 179.4% during the fourth 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. Finally, ST Germain D J Co. Inc. grew its position in shares of Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock worth $29,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

NYSE:ADM traded up $0.17 during trading hours on Thursday, hitting $51.83. The company's stock had a trading volume of 672,945 shares, compared to its average volume of 2,779,011. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The company has a market capitalization of $24.80 billion, a P/E ratio of 14.81 and a beta of 0.72. Archer-Daniels-Midland Company has a twelve month low of $48.40 and a twelve month high of $66.08. The stock has a fifty day simple moving average of $51.49 and a 200-day simple moving average of $56.15.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were issued a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.86%. Archer-Daniels-Midland's payout ratio is 57.14%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Morgan Stanley reduced 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. Barclays decreased their price objective on shares of 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. Stephens began 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 on the stock. Bank of America lowered Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Finally, BMO Capital Markets dropped 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 report 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. Based on data from MarketBeat.com, Archer-Daniels-Midland has an average rating of "Hold" and an average target price of $56.89.

About Archer-Daniels-Midland

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.