Gateway Investment Advisers LLC Buys 9,968 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Gateway Investment Advisers LLC grew its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 75.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,236 shares of the company’s stock after acquiring an additional 9,968 shares during the period. Gateway Investment Advisers LLC’s holdings in Archer-Daniels-Midland were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of ADM. Harbor Capital Advisors Inc. bought a new position in Archer-Daniels-Midland during the third quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland in the third quarter valued at about $26,000. Altshuler Shaham Ltd bought a new position in shares of Archer-Daniels-Midland in the second quarter worth about $28,000. Peterson Financial Group Inc. acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $28,000. Finally, ST Germain D J Co. Inc. grew its holdings in shares of Archer-Daniels-Midland by 724.6% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 0.4 %

Shares of ADM stock opened at $51.23 on Friday. The stock has a market capitalization of $24.52 billion, a PE ratio of 14.64 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. Archer-Daniels-Midland Company has a 1-year low of $48.40 and a 1-year high of $68.85. The business has a 50-day moving average of $51.73 and a 200 day moving average of $56.87.

Archer-Daniels-Midland declared that its board has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 57.14%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ADM. Citigroup upped their price target 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. Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Morgan Stanley cut their target price 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. Stephens started coverage on 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. Finally, BMO Capital Markets lowered 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 investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock 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.