Busey Bank Sells 2,039 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Busey Bank cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,042 shares of the company’s stock after selling 2,039 shares during the quarter. Busey Bank’s holdings in Archer-Daniels-Midland were worth $1,972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ADM. Wellington Management Group LLP increased its holdings in shares of Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after acquiring an additional 2,296,193 shares in the last quarter. State Street Corp increased its holdings in Archer-Daniels-Midland by 3.3% in the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after buying an additional 1,018,256 shares in the last quarter. FMR LLC increased its holdings in Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after buying an additional 1,007,494 shares in the last quarter. Finally, Barclays PLC increased its holdings in Archer-Daniels-Midland by 52.0% in the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock worth $89,738,000 after buying an additional 514,005 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Trading Up 2.3 %

Shares of NYSE:ADM opened at $51.74 on Thursday. The stock has a 50 day moving average of $51.52 and a 200 day moving average of $56.19. The company has a market cap of $24.76 billion, a PE ratio of 14.78 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12-month low of $48.40 and a 12-month high of $66.08.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback plan 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 plans are often an indication that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.87%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Analyst Ratings Changes

Several equities research analysts recently commented on ADM shares. Morgan Stanley reduced their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 price objective for the company. 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, January 14th. Citigroup lifted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets cut 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. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus price target of $56.89.

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.