National Bank of Canada FI Acquires 136,932 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

National Bank of Canada FI increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 72.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 326,741 shares of the company's stock after acquiring an additional 136,932 shares during the period. National Bank of Canada FI owned about 0.07% of Archer-Daniels-Midland worth $19,519,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its holdings in shares of Archer-Daniels-Midland by 15,790.1% in the 2nd quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company's stock valued at $459,232,000 after buying an additional 7,549,083 shares during the last quarter. Wellington Management Group LLP lifted its stake in Archer-Daniels-Midland by 41.5% in the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares during the last quarter. AQR Capital Management LLC grew its position in shares of 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 period. State Street Corp increased its stake in shares of Archer-Daniels-Midland by 3.3% during the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company's stock worth $1,914,408,000 after purchasing an additional 1,018,256 shares during the last quarter. Finally, FMR LLC lifted its stake in Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company's stock valued at $237,757,000 after purchasing an additional 1,007,494 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock traded up $0.11 during mid-day trading on Tuesday, reaching $52.09. 3,009,702 shares of the company were exchanged, compared to its average volume of 4,156,326. The company has a fifty day simple moving average of $55.01 and a 200-day simple moving average of $58.86. The firm has a market cap of $24.92 billion, a PE ratio of 14.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. Archer-Daniels-Midland Company has a 12 month low of $48.92 and a 12 month high of $77.35.

Archer-Daniels-Midland Announces Dividend

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 3.84%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 57.14%.

Analyst Ratings Changes

ADM has been the topic of a number of recent analyst reports. UBS Group boosted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Morgan Stanley dropped their price target on 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. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Barclays cut their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating for the company in a research note on Wednesday, December 4th. Finally, BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating on the stock in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland presently has an average rating of "Hold" and an average target price of $61.08.

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.