Aigen Investment Management LP acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 20,621 shares of the company's stock, valued at approximately $1,232,000.
Several other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland in the third quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in Archer-Daniels-Midland in the third quarter valued at $26,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland in the second quarter valued at $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland in the second quarter valued at $28,000. Finally, Crewe Advisors LLC acquired a new position in Archer-Daniels-Midland in the first quarter valued at $30,000. 78.28% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Archer-Daniels-Midland
In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 219,348 shares of company stock valued at $13,296,833. Corporate insiders own 1.20% of the company's stock.
Archer-Daniels-Midland Trading Up 0.9 %
Shares of Archer-Daniels-Midland stock traded up $0.44 during trading hours on Wednesday, hitting $51.87. The company's stock had a trading volume of 3,811,576 shares, compared to its average volume of 4,254,408. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $77.35. The business has a fifty day moving average of $57.70 and a 200 day moving average of $59.92. The company has a market capitalization of $24.80 billion, a PE ratio of 10.43 and a beta of 0.73. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.
Archer-Daniels-Midland Announces Dividend
The company also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland's payout ratio is 40.16%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. Morgan Stanley lowered their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $62.83.
View Our Latest Analysis on ADM
Archer-Daniels-Midland Company Profile
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Free Report)
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.
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