Empower Advisory Group LLC Increases Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Empower Advisory Group LLC lifted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,138,455 shares of the company's stock after acquiring an additional 68,133 shares during the quarter. Empower Advisory Group LLC owned 0.24% of Archer-Daniels-Midland worth $68,011,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ADM. Qsemble Capital Management LP bought a new stake in Archer-Daniels-Midland in the first quarter valued at about $278,000. Bleakley Financial Group LLC boosted its stake in Archer-Daniels-Midland by 1.6% in the first quarter. Bleakley Financial Group LLC now owns 15,773 shares of the company's stock valued at $991,000 after acquiring an additional 256 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Archer-Daniels-Midland by 86.2% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 58,222 shares of the company's stock valued at $3,657,000 after acquiring an additional 26,952 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Archer-Daniels-Midland by 10.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 650,463 shares of the company's stock valued at $40,856,000 after acquiring an additional 63,509 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Archer-Daniels-Midland by 21.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 751,942 shares of the company's stock valued at $47,229,000 after acquiring an additional 131,345 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Up 1.0 %

Shares of Archer-Daniels-Midland stock traded up $0.53 on Wednesday, hitting $51.96. 1,771,825 shares of the company traded hands, compared to its average volume of 4,245,131. The company has a market cap of $24.84 billion, a PE ratio of 10.43 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. The company has a 50-day moving average price of $57.70 and a 200 day moving average price of $59.92. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.50 per share. 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 3.85%. Archer-Daniels-Midland's payout ratio is 40.16%.

Insider Buying and Selling

In other news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company's stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at $16,047,857.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 over the last ninety days. Company insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ADM. Morgan Stanley reduced 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. UBS Group boosted 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, JPMorgan Chase & Co. boosted 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. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $62.83.

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.