Chevy Chase Trust Holdings LLC Lowers Position in Archer-Daniels-Midland Company (NYSE:ADM)

Chevy Chase Trust Holdings LLC reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 266,562 shares of the company's stock after selling 13,624 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.06% of Archer-Daniels-Midland worth $15,924,000 at the end of the most recent quarter.

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

Archer-Daniels-Midland Stock Up 1.0 %

NYSE ADM traded up $0.52 during mid-day trading on Thursday, hitting $52.29. The company's stock had a trading volume of 2,991,796 shares, compared to its average volume of 4,175,367. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The company's 50 day simple moving average is $55.48 and its 200 day simple moving average is $59.07. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 14.93 and a beta of 0.72.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.82%. Archer-Daniels-Midland's dividend payout ratio is presently 57.14%.

Analyst Upgrades and Downgrades

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

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.