iA Global Asset Management Inc. Cuts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

iA Global Asset Management Inc. lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 76.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,880 shares of the company's stock after selling 18,794 shares during the quarter. iA Global Asset Management Inc.'s holdings in Archer-Daniels-Midland were worth $351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADM. Harbor Capital Advisors Inc. bought a new stake in Archer-Daniels-Midland in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Archer-Daniels-Midland in the 3rd quarter worth approximately $26,000. Altshuler Shaham Ltd bought a new stake in Archer-Daniels-Midland in the 2nd quarter worth approximately $28,000. Peterson Financial Group Inc. bought a new stake in Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Finally, Sachetta LLC increased its stake in Archer-Daniels-Midland by 39.8% in the 2nd quarter. Sachetta LLC now owns 737 shares of the company's stock worth $46,000 after acquiring an additional 210 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Up 1.7 %

NYSE ADM traded up $0.87 during trading on Wednesday, reaching $52.95. 3,627,190 shares of the company's stock traded hands, compared to its average volume of 4,154,111. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The firm has a market cap of $25.34 billion, a price-to-earnings ratio of 15.10 and a beta of 0.72. The company's 50 day simple moving average is $54.86 and its two-hundred day simple moving average is $58.80. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is 57.14%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup increased their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Stephens began coverage on shares of Archer-Daniels-Midland in a report on Wednesday. They issued an "equal weight" rating and a $55.00 target price for the company. BMO Capital Markets lowered their target price on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating for the company in a report on Wednesday, December 4th. Barclays lowered their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating for the company in a report on Wednesday, December 4th. Finally, UBS Group raised their target price 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. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of "Hold" and a consensus target price of $60.62.

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.