Bell Bank Buys 51,550 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Bell Bank lifted its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 67.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 127,942 shares of the company's stock after buying an additional 51,550 shares during the period. Archer-Daniels-Midland makes up 0.9% of Bell Bank's holdings, making the stock its 28th largest position. Bell Bank's holdings in Archer-Daniels-Midland were worth $7,643,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Archer-Daniels-Midland in the third quarter worth about $26,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland in the 2nd quarter worth approximately $27,000. Altshuler Shaham Ltd purchased a new position in Archer-Daniels-Midland during the 2nd quarter worth approximately $28,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Archer-Daniels-Midland in the first quarter valued at $30,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADM. UBS Group upped their price target 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 for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. upped 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 note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $62.83.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded up $0.64 during mid-day trading on Thursday, reaching $52.51. The company had a trading volume of 2,129,756 shares, compared to its average volume of 4,245,932. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The firm has a market cap of $25.11 billion, a price-to-earnings ratio of 10.54 and a beta of 0.73. The company has a 50 day moving average of $57.51 and a 200-day moving average of $59.86. Archer-Daniels-Midland Company has a 52 week low of $48.92 and a 52 week high of $77.35.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 40.16%.

Insider Activity at Archer-Daniels-Midland

In other news, 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 completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 1.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 219,348 shares of company stock worth $13,296,833 over the last three months. Company insiders own 1.20% of the company's stock.

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.