KBC Group NV Trims Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

KBC Group NV decreased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 52.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 590,814 shares of the company's stock after selling 663,348 shares during the quarter. KBC Group NV owned about 0.12% of Archer-Daniels-Midland worth $35,295,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ADM. Pacer Advisors Inc. grew its holdings in Archer-Daniels-Midland by 15,790.1% during the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company's stock valued at $459,232,000 after purchasing an additional 7,549,083 shares during the period. Vanguard Group Inc. lifted its stake in Archer-Daniels-Midland by 12.1% in the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company's stock valued at $4,260,165,000 after buying an additional 7,320,289 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Archer-Daniels-Midland by 141.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company's stock valued at $187,885,000 after buying an additional 1,753,077 shares in the last quarter. AQR Capital Management LLC lifted its stake in Archer-Daniels-Midland by 73.6% in the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company's stock valued at $170,960,000 after buying an additional 1,199,992 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its stake in Archer-Daniels-Midland by 689.7% in the second quarter. AustralianSuper Pty Ltd now owns 1,008,242 shares of the company's stock valued at $60,948,000 after buying an additional 880,564 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Insiders Place Their Bets

In related news, CEO Juan R. Luciano sold 170,194 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The trade was a 39.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland Stock Up 1.6 %

Shares of ADM stock traded up $0.84 during mid-day trading on Friday, reaching $53.35. 3,556,641 shares of the company's stock traded hands, compared to its average volume of 4,242,831. The company's 50-day moving average price is $57.36 and its 200-day moving average price is $59.81. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The company has a market cap of $25.51 billion, a P/E ratio of 10.75 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.

Archer-Daniels-Midland Dividend Announcement

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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is 40.16%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. UBS Group boosted their price objective on shares of 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, Morgan Stanley dropped their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland has a consensus rating of "Hold" and a consensus price target of $62.83.

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.