Entropy Technologies LP Cuts Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Entropy Technologies LP cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 26.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,355 shares of the company's stock after selling 13,515 shares during the period. Entropy Technologies LP's holdings in Archer-Daniels-Midland were worth $2,232,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $26,000. Riverview Trust Co bought a new position in shares of Archer-Daniels-Midland in the 2nd quarter worth $27,000. Altshuler Shaham Ltd purchased a new stake in shares of Archer-Daniels-Midland during the 2nd quarter valued at $28,000. Finally, Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter worth $30,000. 78.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group lifted their price target 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. Morgan Stanley lowered their price objective 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. lifted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $62.83.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company's stock, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Juan R. Luciano sold 170,194 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the sale, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at $16,047,857.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of the business'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 $16,177,810. The trade was a 0.00 % decrease in their position. 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 currently owned by corporate insiders.

Archer-Daniels-Midland Trading Up 0.9 %

Shares of ADM traded up $0.46 during mid-day trading on Wednesday, hitting $51.89. 1,730,595 shares of the company's stock traded hands, compared to its average volume of 4,244,700. The firm has a market capitalization of $24.81 billion, a P/E ratio of 10.43 and a beta of 0.73. The business's 50-day moving average price is $57.70 and its 200-day moving average price is $59.92. Archer-Daniels-Midland Company has a 1 year low of $48.92 and a 1 year high of $77.35. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland's payout ratio is currently 40.16%.

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.