Charles Schwab Investment Management Inc. lifted its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,607,843 shares of the company's stock after purchasing an additional 63,883 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.75% of Archer-Daniels-Midland worth $215,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth $26,000. Riverview Trust Co bought a new position in shares of Archer-Daniels-Midland during the second quarter valued at $27,000. Altshuler Shaham Ltd bought a new stake in Archer-Daniels-Midland in the 2nd quarter worth about $28,000. Finally, Peterson Financial Group Inc. bought a new stake in Archer-Daniels-Midland in the 3rd quarter worth about $28,000. 78.28% of the stock is owned by hedge funds and other institutional investors.
Archer-Daniels-Midland Stock Performance
NYSE:ADM opened at $53.13 on Friday. The stock has a 50-day moving average price of $56.60 and a 200 day moving average price of $59.53. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35. The stock has a market capitalization of $25.42 billion, a P/E ratio of 15.18 and a beta of 0.73.
Archer-Daniels-Midland Announces Dividend
The business also recently declared 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%.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 12th. UBS Group lifted their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised their target price 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. One analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.83.
Read Our Latest Stock Report on ADM
Insider Buying and Selling at Archer-Daniels-Midland
In related news, 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 value of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The trade was a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 219,348 shares of company stock valued at $13,296,833 in the last 90 days. Insiders own 1.20% of the company's stock.
Archer-Daniels-Midland Company Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Archer-Daniels-Midland, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Archer-Daniels-Midland wasn't on the list.
While Archer-Daniels-Midland currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
