Amalgamated Bank Trims Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Amalgamated Bank reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 26.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,391 shares of the company's stock after selling 34,283 shares during the quarter. Amalgamated Bank's holdings in Archer-Daniels-Midland were worth $5,758,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Archer-Daniels-Midland during the third quarter valued at about $25,000. Riverview Trust Co bought a new stake in shares of Archer-Daniels-Midland in the second quarter worth about $27,000. Altshuler Shaham Ltd bought a new stake in shares of Archer-Daniels-Midland in the second quarter worth about $28,000. Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the first quarter worth about $30,000. Finally, Sachetta LLC grew its stake in shares of Archer-Daniels-Midland by 39.8% in the second quarter. Sachetta LLC now owns 737 shares of the company's stock worth $46,000 after purchasing an additional 210 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ADM. UBS Group raised their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. Citigroup cut their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a "neutral" rating on the stock in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. lifted their price objective on 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 research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $63.82.

Archer-Daniels-Midland Stock Down 0.6 %

Shares of ADM stock traded down $0.34 during trading hours on Friday, hitting $52.15. 3,482,419 shares of the company's stock traded hands, compared to its average volume of 4,271,956. The stock's fifty day simple moving average is $58.06 and its two-hundred day simple moving average is $60.06. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35. The stock has a market cap of $24.94 billion, a price-to-earnings ratio of 10.47 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 disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.84%. Archer-Daniels-Midland's payout ratio is currently 40.16%.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 45,471 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Juan R. Luciano sold 45,471 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The trade was 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 have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by corporate insiders.

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.