Invst LLC Buys Shares of 10,715 Archer-Daniels-Midland Company (NYSE:ADM)

Invst LLC acquired a new position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,715 shares of the company's stock, valued at approximately $640,000.

Several other institutional investors have also recently made changes to their positions in the business. Empower Advisory Group LLC boosted its position in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company's stock worth $68,011,000 after purchasing an additional 68,133 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company's stock valued at $483,084,000 after purchasing an additional 489,554 shares during the period. Marathon Asset Management Ltd grew its position in Archer-Daniels-Midland by 4.5% during the third quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company's stock valued at $18,110,000 after buying an additional 13,177 shares during the period. CFS Investment Advisory Services LLC purchased a new position in Archer-Daniels-Midland in the third quarter valued at $1,526,000. Finally, Bank of Montreal Can raised its position in shares of Archer-Daniels-Midland by 8.6% in the third quarter. Bank of Montreal Can now owns 559,660 shares of the company's stock worth $33,580,000 after acquiring an additional 44,241 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Trading Up 0.3 %

Archer-Daniels-Midland stock traded up $0.17 during trading on Thursday, reaching $53.09. 2,795,487 shares of the company were exchanged, compared to its average volume of 4,148,451. The stock's 50 day simple moving average is $54.75 and its two-hundred day simple moving average is $58.76. The company has a market capitalization of $25.41 billion, a P/E ratio of 15.13 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.77%. Archer-Daniels-Midland's payout ratio is 57.14%.

Archer-Daniels-Midland declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of analyst reports. Citigroup raised their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Morgan Stanley reduced their target price on 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. Stephens started coverage on shares of Archer-Daniels-Midland in a research note on Wednesday. They issued an "equal weight" rating and a $55.00 price target on the stock. 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 report on Wednesday, December 4th. Finally, UBS Group lifted their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat.com, the company 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.