Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Godsey & Gibb Inc.

Godsey & Gibb Inc. decreased its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 99.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,020 shares of the company’s stock after selling 291,734 shares during the period. Godsey & Gibb Inc.’s holdings in Archer-Daniels-Midland were worth $153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Empower Advisory Group LLC lifted its stake in Archer-Daniels-Midland by 6.4% in the third quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock valued at $68,011,000 after buying an additional 68,133 shares during the last quarter. Nordea Investment Management AB lifted its position in Archer-Daniels-Midland by 30.7% in the 4th quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company’s stock valued at $105,163,000 after purchasing an additional 489,217 shares during the last quarter. Kieckhefer Group LLC acquired a new position in Archer-Daniels-Midland during the 4th quarter valued at about $2,339,000. Pacer Advisors Inc. grew its position in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after purchasing an additional 489,554 shares during the last quarter. Finally, Marathon Asset Management Ltd increased its stake in shares of Archer-Daniels-Midland by 4.5% in the third quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock valued at $18,110,000 after purchasing an additional 13,177 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ADM. Citigroup boosted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. BMO Capital Markets decreased their price target on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research note on Wednesday, December 4th. Morgan Stanley cut their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Stephens initiated 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 target price for the company. Finally, Barclays dropped their price target on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $59.08.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $51.15 on Thursday. Archer-Daniels-Midland Company has a 1 year low of $48.40 and a 1 year high of $69.85. The business’s fifty day moving average is $51.82 and its two-hundred day moving average is $57.02. The stock has a market capitalization of $24.48 billion, a P/E ratio of 14.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40.

Archer-Daniels-Midland Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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.