Marathon Asset Management Ltd Has $18.11 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Marathon Asset Management Ltd increased its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,155 shares of the company's stock after purchasing an additional 13,177 shares during the quarter. Marathon Asset Management Ltd owned 0.06% of Archer-Daniels-Midland worth $18,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. nVerses Capital LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $1,081,000. Paragon Capital Management Inc. acquired a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $1,794,000. Jamison Private Wealth Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 35.8% during the third quarter. Jamison Private Wealth Management Inc. now owns 3,218 shares of the company's stock valued at $192,000 after acquiring an additional 848 shares during the period. Wesbanco Bank Inc. raised its holdings in shares of Archer-Daniels-Midland by 24.8% during the third quarter. Wesbanco Bank Inc. now owns 5,027 shares of the company's stock valued at $300,000 after acquiring an additional 1,000 shares during the period. Finally, Polianta Ltd raised its holdings in shares of Archer-Daniels-Midland by 19.4% during the third quarter. Polianta Ltd now owns 20,900 shares of the company's stock valued at $1,248,000 after acquiring an additional 3,400 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ADM. UBS Group boosted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a "neutral" rating in a report on Monday, September 9th. JPMorgan Chase & Co. boosted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. Finally, Citigroup cut their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a "neutral" rating on the stock in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $65.62.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 170,194 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Juan R. Luciano sold 45,471 shares of the company's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares of the company's stock, valued at approximately $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 219,348 shares of company stock valued at $13,296,833. Company insiders own 1.20% of the company's stock.

Archer-Daniels-Midland Stock Down 3.8 %

ADM stock traded down $2.23 during trading hours on Friday, hitting $56.40. The company's stock had a trading volume of 4,305,089 shares, compared to its average volume of 4,343,953. 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 capitalization of $27.89 billion, a PE ratio of 9.87 and a beta of 0.72. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $77.35. The stock has a 50 day moving average price of $59.49 and a two-hundred day moving average price of $60.86.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business's revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 earnings per share. On average, equities research analysts expect that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland's dividend payout ratio is currently 35.09%.

About Archer-Daniels-Midland

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.