Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Easterly Investment Partners LLC

Easterly Investment Partners LLC raised its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 32.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 204,961 shares of the company's stock after purchasing an additional 50,727 shares during the period. Easterly Investment Partners LLC's holdings in Archer-Daniels-Midland were worth $12,244,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $25,000. Riverview Trust Co bought a new stake in shares of Archer-Daniels-Midland in the 2nd quarter valued at about $27,000. Altshuler Shaham Ltd bought a new stake in shares of Archer-Daniels-Midland in the 2nd quarter valued at about $28,000. Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the 1st quarter valued at about $30,000. Finally, Sachetta LLC boosted its holdings in shares of Archer-Daniels-Midland by 39.8% in the 2nd quarter. Sachetta LLC now owns 737 shares of the company's stock valued at $46,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a "neutral" rating in a report on Monday, September 9th. Citigroup lowered their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a "neutral" rating for the company in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to MarketBeat, Archer-Daniels-Midland has an average rating of "Hold" and a consensus price target of $63.82.

Archer-Daniels-Midland Stock Performance

NYSE ADM traded down $0.34 on Friday, hitting $52.15. 3,482,419 shares of the company's stock traded hands, compared to its average volume of 4,271,956. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $77.35. The firm's 50-day moving average price is $58.06 and its two-hundred day moving average price is $60.06. The firm has a market capitalization of $24.94 billion, a PE ratio of 10.47 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend yield of 3.84%. Archer-Daniels-Midland's dividend payout ratio (DPR) is 40.16%.

Insider Activity

In other news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction 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 $16,177,810. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Juan R. Luciano sold 45,471 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company's stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the business's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the sale, 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock valued at $13,296,833 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

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.