Allen Mooney & Barnes Investment Advisors LLC Lowers Position in Archer-Daniels-Midland Company (NYSE:ADM)

Allen Mooney & Barnes Investment Advisors LLC decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 12.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,681 shares of the company’s stock after selling 3,293 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Archer-Daniels-Midland were worth $1,146,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland in the third quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $26,000. Altshuler Shaham Ltd purchased a new stake in shares of Archer-Daniels-Midland in the 2nd quarter worth approximately $28,000. Peterson Financial Group Inc. purchased a new stake in shares of Archer-Daniels-Midland in the third quarter worth $28,000. Finally, ST Germain D J Co. Inc. increased its holdings 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 valued at $29,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 1.7 %

NYSE ADM opened at $51.26 on Wednesday. Archer-Daniels-Midland Company has a 52 week low of $48.40 and a 52 week high of $69.85. The company has a 50 day moving average price of $51.82 and a 200 day moving average price of $57.02. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a market cap of $24.53 billion, a PE ratio of 14.65 and a beta of 0.72.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.90%. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Archer-Daniels-Midland announced that its board has approved a share repurchase plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $63.00 to $54.00 in a report on Tuesday. BMO Capital Markets dropped 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 report on Wednesday, December 4th. Finally, Barclays decreased their price objective on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.08.

Archer-Daniels-Midland Company 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.