National Pension Service Purchases 68,391 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

National Pension Service increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 5.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,251,124 shares of the company's stock after purchasing an additional 68,391 shares during the quarter. National Pension Service owned 0.26% of Archer-Daniels-Midland worth $74,742,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of ADM. Marathon Asset Management Ltd boosted its position in Archer-Daniels-Midland by 4.5% during the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company's stock worth $18,110,000 after acquiring an additional 13,177 shares during the last quarter. Heritage Wealth Management Inc. acquired a new position in Archer-Daniels-Midland during the 2nd quarter worth approximately $974,000. Vest Financial LLC boosted its position in Archer-Daniels-Midland by 8.9% during the 3rd quarter. Vest Financial LLC now owns 782,428 shares of the company's stock worth $46,742,000 after acquiring an additional 63,716 shares during the last quarter. nVerses Capital LLC acquired a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $1,081,000. Finally, CWM LLC boosted its position in Archer-Daniels-Midland by 52.2% during the 2nd quarter. CWM LLC now owns 25,151 shares of the company's stock worth $1,520,000 after acquiring an additional 8,628 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded up $1.26 during mid-day trading on Wednesday, hitting $53.26. 5,031,790 shares of the company's stock traded hands, compared to its average volume of 4,276,077. The firm has a 50 day simple moving average of $58.40 and a two-hundred day simple moving average of $60.19. Archer-Daniels-Midland Company has a fifty-two week low of $48.92 and a fifty-two week high of $77.35. The stock has a market cap of $25.47 billion, a price-to-earnings ratio of 10.69 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88.

Analysts Set New Price Targets

A number of research firms have weighed in on ADM. Citigroup reduced their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a "neutral" rating for the company in a research report on Monday, July 15th. UBS Group upped their price target on 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, JPMorgan Chase & Co. upped their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $63.82.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company's stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction on 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 in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,348 shares of company stock valued at $13,296,833 in the last quarter. 1.20% of the stock is currently owned by insiders.

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.