Monarch Capital Management Inc. Acquires 1,010 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Monarch Capital Management Inc. lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 9.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,080 shares of the company’s stock after buying an additional 1,010 shares during the quarter. Monarch Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $610,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. HB Wealth Management LLC grew its holdings in Archer-Daniels-Midland by 2.2% in the 4th quarter. HB Wealth Management LLC now owns 35,359 shares of the company’s stock valued at $1,786,000 after buying an additional 768 shares in the last quarter. Verity & Verity LLC boosted its stake in shares of Archer-Daniels-Midland by 7.8% in the fourth quarter. Verity & Verity LLC now owns 170,273 shares of the company’s stock valued at $8,602,000 after buying an additional 12,388 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. increased its stake in Archer-Daniels-Midland by 2.7% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 13,144 shares of the company’s stock worth $664,000 after acquiring an additional 350 shares during the period. Merit Financial Group LLC raised its holdings in Archer-Daniels-Midland by 11.6% in the 4th quarter. Merit Financial Group LLC now owns 5,344 shares of the company’s stock valued at $270,000 after acquiring an additional 555 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. grew its holdings in shares of Archer-Daniels-Midland by 3.2% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 60,555 shares of the company’s stock worth $3,059,000 after purchasing an additional 1,878 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Price Performance

ADM stock opened at $51.23 on Friday. 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 Company has a 52-week low of $48.40 and a 52-week high of $68.85. The company has a market capitalization of $24.52 billion, a P/E ratio of 14.64 and a beta of 0.72. The company has a fifty day moving average price of $51.73 and a 200-day moving average price of $56.87.

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 given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.90%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $63.00 to $54.00 in a research report on Tuesday, January 14th. Barclays cut their target price 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. 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 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 for the company in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price of $59.08.

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.