Maven Securities LTD Sells 18,972 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Maven Securities LTD trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 77.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,536 shares of the company's stock after selling 18,972 shares during the period. Maven Securities LTD's holdings in Archer-Daniels-Midland were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Integrated Wealth Concepts LLC boosted its stake in shares of Archer-Daniels-Midland by 249.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 70,845 shares of the company's stock valued at $4,232,000 after buying an additional 50,544 shares during the period. Investment Management Corp of Ontario boosted its position in Archer-Daniels-Midland by 48.8% during the third quarter. Investment Management Corp of Ontario now owns 16,457 shares of the company's stock valued at $983,000 after purchasing an additional 5,400 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Archer-Daniels-Midland by 0.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 3,485,006 shares of the company's stock valued at $208,194,000 after purchasing an additional 26,291 shares in the last quarter. Janus Henderson Group PLC increased its position in Archer-Daniels-Midland by 33.6% in the 3rd quarter. Janus Henderson Group PLC now owns 185,101 shares of the company's stock worth $11,048,000 after purchasing an additional 46,511 shares during the last quarter. Finally, Community Bank N.A. raised its stake in shares of Archer-Daniels-Midland by 3.7% during the 3rd quarter. Community Bank N.A. now owns 25,125 shares of the company's stock worth $1,501,000 after purchasing an additional 887 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded down $0.86 during mid-day trading on Friday, reaching $51.42. The company had a trading volume of 2,707,008 shares, compared to its average volume of 4,169,399. The company has a 50 day moving average of $55.34 and a 200-day moving average of $59.03. Archer-Daniels-Midland Company has a 52 week low of $48.92 and a 52 week high of $77.35. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a market cap of $24.61 billion, a price-to-earnings ratio of 14.68 and a beta of 0.72.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 3.89%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 57.14%.

Analyst Ratings Changes

A number of equities analysts recently commented on ADM shares. UBS Group increased their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. 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 note on Tuesday, November 12th. 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 note on Wednesday. Barclays lowered their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating on the stock in a research report on Wednesday. Finally, Citigroup boosted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has an average rating of "Hold" and an average price target of $61.08.

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.