Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lowered its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 25.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,971 shares of the company's stock after selling 12,134 shares during the quarter. Banque Cantonale Vaudoise's holdings in Archer-Daniels-Midland were worth $2,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Verity & Verity LLC lifted its holdings in shares of Archer-Daniels-Midland by 0.6% in the 3rd quarter. Verity & Verity LLC now owns 157,885 shares of the company's stock valued at $9,432,000 after acquiring an additional 971 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $28,000. RIA Advisory Group LLC purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $281,000. Mizuho Markets Americas LLC raised its holdings in Archer-Daniels-Midland by 2.0% during the 3rd quarter. Mizuho Markets Americas LLC now owns 102,565 shares of the company's stock valued at $6,127,000 after buying an additional 2,014 shares during the period. Finally, Empirical Finance LLC lifted its position in Archer-Daniels-Midland by 1.4% in the third quarter. Empirical Finance LLC now owns 18,663 shares of the company's stock worth $1,115,000 after buying an additional 255 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price 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. UBS Group raised their price objective 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. Finally, Morgan Stanley cut their target price 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. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $62.83.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $53.53 on Thursday. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $56.87 and a two-hundred day simple moving average of $59.64. The stock has a market capitalization of $25.59 billion, a price-to-earnings ratio of 10.75 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland's payout ratio is 40.16%.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at approximately $16,177,810. The trade was a 14.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 219,348 shares of company stock valued at $13,296,833. Company insiders own 1.20% of the company's stock.

Archer-Daniels-Midland Company Profile

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.