20,162 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Acquired by World Investment Advisors LLC

World Investment Advisors LLC purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,162 shares of the company’s stock, valued at approximately $1,204,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland during the third quarter worth approximately $26,000. Altshuler Shaham Ltd bought a new stake in shares of Archer-Daniels-Midland during the second quarter worth approximately $28,000. Peterson Financial Group Inc. bought a new position in Archer-Daniels-Midland during the 3rd quarter worth $28,000. Finally, Sachetta LLC increased its stake in Archer-Daniels-Midland by 39.8% during the 2nd quarter. Sachetta LLC now owns 737 shares of the company’s stock worth $46,000 after acquiring an additional 210 shares during the period. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Down 1.3 %

Shares of ADM opened at $52.40 on Monday. Archer-Daniels-Midland Company has a 1 year low of $48.92 and a 1 year high of $77.35. 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 stock has a 50 day simple moving average of $54.50 and a two-hundred day simple moving average of $58.64. The firm has a market cap of $25.08 billion, a P/E ratio of 14.97 and a beta of 0.72.

Archer-Daniels-Midland announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.82%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Analyst Ratings Changes

ADM has been the subject of several recent analyst reports. BMO Capital Markets cut their price objective on shares of 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. Barclays cut 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 report on Wednesday, December 4th. Citigroup increased their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. UBS Group upped their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Stephens initiated coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 target price for the company. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.