Segall Bryant & Hamill LLC Acquires Shares of 11,700 Archer-Daniels-Midland Company (NYSE:ADM)

Segall Bryant & Hamill LLC purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,700 shares of the company's stock, valued at approximately $699,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Archer-Daniels-Midland by 15,790.1% in the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company's stock valued at $459,232,000 after purchasing an additional 7,549,083 shares during the last quarter. AQR Capital Management LLC grew its stake in Archer-Daniels-Midland by 73.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company's stock valued at $170,960,000 after acquiring an additional 1,199,992 shares during the last quarter. AustralianSuper Pty Ltd increased its holdings in Archer-Daniels-Midland by 35.8% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,369,338 shares of the company's stock valued at $81,804,000 after acquiring an additional 361,096 shares in the last quarter. National Pension Service increased its stake in shares of Archer-Daniels-Midland by 5.8% during the 3rd quarter. National Pension Service now owns 1,251,124 shares of the company's stock worth $74,742,000 after purchasing an additional 68,391 shares in the last quarter. Finally, Empower Advisory Group LLC grew its holdings in Archer-Daniels-Midland by 6.4% during the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company's stock valued at $68,011,000 after buying an additional 68,133 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ADM shares. UBS Group upped their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Morgan Stanley decreased their price target on shares of 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $62.83.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 45,471 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 14.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 219,348 shares of company stock valued at $13,296,833. Company insiders own 1.20% of the company's stock.

Archer-Daniels-Midland Trading Down 0.2 %

NYSE:ADM traded down $0.12 on Monday, hitting $53.01. 4,481,540 shares of the stock were exchanged, compared to its average volume of 4,205,182. The stock has a fifty day moving average of $56.45 and a 200-day moving average of $59.45. The stock has a market cap of $25.37 billion, a PE ratio of 15.15 and a beta of 0.73. 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 fifty-two week low of $48.92 and a fifty-two week high of $77.35.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.77%. Archer-Daniels-Midland's payout ratio is 57.14%.

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.