BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 13,600 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 14.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,505 shares of the company's stock after selling 13,600 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Archer-Daniels-Midland were worth $4,929,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Pacer Advisors Inc. increased its stake in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company's stock worth $483,084,000 after buying an additional 489,554 shares in the last quarter. FMR LLC increased 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 worth $237,757,000 after buying an additional 1,007,494 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Archer-Daniels-Midland by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company's stock worth $215,533,000 after buying an additional 63,883 shares in the last quarter. AQR Capital Management LLC increased its stake in 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 worth $170,960,000 after buying an additional 1,199,992 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its stake in Archer-Daniels-Midland by 35.8% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,369,338 shares of the company's stock worth $81,804,000 after buying an additional 361,096 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Trading Down 2.0 %

ADM traded down $1.07 on Tuesday, hitting $53.20. The company had a trading volume of 5,193,837 shares, compared to its average volume of 3,219,044. The company has a market cap of $25.46 billion, a PE ratio of 15.20 and a beta of 0.72. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $55.61 and its 200 day simple moving average is $59.13.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.76%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland's payout ratio is currently 57.14%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ADM shares. UBS Group increased 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 cut their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company's stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of "Hold" and a consensus price target of $62.83.

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.