Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 48.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,450 shares of the company's stock after selling 42,978 shares during the period. Empowered Funds LLC's holdings in Archer-Daniels-Midland were worth $2,715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADM. Empirical Finance LLC raised its stake in shares of Archer-Daniels-Midland by 1.4% during the 3rd quarter. Empirical Finance LLC now owns 18,663 shares of the company's stock valued at $1,115,000 after buying an additional 255 shares during the last quarter. Vectors Research Management LLC raised its position in Archer-Daniels-Midland by 3.2% during the third quarter. Vectors Research Management LLC now owns 17,969 shares of the company's stock valued at $1,072,000 after acquiring an additional 553 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Archer-Daniels-Midland by 4.4% in the third quarter. CIBC Asset Management Inc now owns 83,761 shares of the company's stock valued at $5,004,000 after acquiring an additional 3,518 shares during the period. Metis Global Partners LLC boosted its position in Archer-Daniels-Midland by 14.6% in the 3rd quarter. Metis Global Partners LLC now owns 50,015 shares of the company's stock worth $2,988,000 after purchasing an additional 6,387 shares in the last quarter. Finally, Planning Capital Management Corp grew its stake in shares of Archer-Daniels-Midland by 26.5% during the 3rd quarter. Planning Capital Management Corp now owns 47,578 shares of the company's stock worth $2,842,000 after purchasing an additional 9,980 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. UBS Group increased their price target 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. JPMorgan Chase & Co. increased 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. Finally, Morgan Stanley reduced their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of "Hold" and an average price target of $62.83.

Insider Transactions at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, the chief executive officer now owns 265,210 shares of the company's stock, valued at approximately $16,177,810. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is currently owned by insiders.

Archer-Daniels-Midland Trading Up 0.5 %

ADM opened at $52.99 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. Archer-Daniels-Midland Company has a one year low of $48.92 and a one year high of $77.35. The company has a market cap of $25.33 billion, a P/E ratio of 10.64 and a beta of 0.73. The business's 50-day simple moving average is $56.98 and its 200-day simple moving average is $59.69.

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 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 yield of 3.77%. Archer-Daniels-Midland's payout ratio is currently 40.16%.

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.