Hennion & Walsh Asset Management Inc. Sells 209 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Hennion & Walsh Asset Management Inc. cut its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,043 shares of the company’s stock after selling 209 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Archer-Daniels-Midland were worth $305,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in Archer-Daniels-Midland during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth $26,000. Peterson Financial Group Inc. bought a new position in shares of Archer-Daniels-Midland in the third quarter worth $28,000. ST Germain D J Co. Inc. raised its stake in Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after purchasing an additional 500 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Archer-Daniels-Midland during the third quarter worth about $48,000. 78.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADM. Citigroup boosted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Stephens assumed coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective for the company. BMO Capital Markets reduced their target price on 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. Barclays lowered their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday. Finally, Morgan Stanley reduced their price objective on 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. Two investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus price target of $58.62.

Archer-Daniels-Midland Trading Down 0.2 %

Shares of NYSE ADM opened at $51.21 on Wednesday. The stock has a market cap of $24.51 billion, a P/E ratio of 14.63 and a beta of 0.72. The firm has a 50 day moving average price of $51.71 and a two-hundred day moving average price of $56.71. 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 $66.08.

Archer-Daniels-Midland Dividend Announcement

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

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication 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.