Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Sage Capital Advisors llc

Sage Capital Advisors llc lessened its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 8.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 115,068 shares of the company's stock after selling 11,301 shares during the period. Archer-Daniels-Midland makes up 1.5% of Sage Capital Advisors llc's investment portfolio, making the stock its 19th largest holding. Sage Capital Advisors llc's holdings in Archer-Daniels-Midland were worth $5,813,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. ST Germain D J Co. Inc. boosted its position in shares of Archer-Daniels-Midland by 724.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Archer-Daniels-Midland by 2.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 50,803 shares of the company's stock worth $2,567,000 after buying an additional 1,352 shares in the last quarter. Nordea Investment Management AB grew its position in Archer-Daniels-Midland by 30.7% during the fourth quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company's stock worth $105,163,000 after buying an additional 489,217 shares during the period. Everence Capital Management Inc. increased its holdings in Archer-Daniels-Midland by 22.2% in the fourth quarter. Everence Capital Management Inc. now owns 25,080 shares of the company's stock valued at $1,267,000 after buying an additional 4,560 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Archer-Daniels-Midland by 7.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 73,983 shares of the company's stock valued at $4,400,000 after acquiring an additional 5,001 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Trading Up 2.6 %

ADM traded up $1.29 during midday trading on Friday, hitting $51.13. The company's stock had a trading volume of 4,497,547 shares, compared to its average volume of 2,738,541. The firm has a market cap of $24.47 billion, a P/E ratio of 14.61 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $48.40 and a 52-week high of $70.51. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $51.90 and a two-hundred day moving average price of $57.19.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio is currently 57.14%.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Morgan Stanley dropped 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 note on Tuesday, November 12th. Barclays cut their price target on 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. 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 objective on the stock. Citigroup lifted their target price 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. Finally, BMO Capital Markets lowered their price target 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. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of "Hold" and an average target price of $60.62.

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.