CFS Investment Advisory Services LLC Invests $1.53 Million in Archer-Daniels-Midland Company (NYSE:ADM)

CFS Investment Advisory Services LLC bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 25,538 shares of the company's stock, valued at approximately $1,526,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Archer-Daniels-Midland during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth about $26,000. Riverview Trust Co acquired a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth about $27,000. Altshuler Shaham Ltd acquired a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth about $28,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth about $28,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on ADM. JPMorgan Chase & Co. upped their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. UBS Group upped their price objective 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. Finally, Morgan Stanley decreased their target price 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 assigned a hold rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland has an average rating of "Hold" and an average price target of $62.83.

Insider Transactions 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 transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at approximately $16,047,857.10. This represents a 39.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 219,348 shares of company stock valued at $13,296,833. Corporate insiders own 1.20% of the company's stock.

Archer-Daniels-Midland Stock Performance

ADM traded down $0.06 on Friday, hitting $53.13. 2,278,516 shares of the company traded hands, compared to its average volume of 4,203,738. The company has a 50 day moving average of $56.74 and a 200-day moving average of $59.60. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $25.42 billion, a PE ratio of 15.19 and a beta of 0.73. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35.

Archer-Daniels-Midland Dividend Announcement

The business 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 dividend of $0.50 per share. 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 dividend payout ratio is presently 57.14%.

Archer-Daniels-Midland 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.