Van ECK Associates Corp cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 28.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 966,235 shares of the company's stock after selling 378,671 shares during the period. Van ECK Associates Corp owned 0.20% of Archer-Daniels-Midland worth $54,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of ADM. Pacer Advisors Inc. grew its stake in shares of 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 buying an additional 7,549,083 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Archer-Daniels-Midland by 12.1% during the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company's stock valued at $4,260,165,000 after purchasing an additional 7,320,289 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of 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 worth $187,885,000 after purchasing an additional 1,753,077 shares during the last quarter. AQR Capital Management LLC increased its stake in Archer-Daniels-Midland by 73.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company's stock worth $170,960,000 after buying an additional 1,199,992 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Archer-Daniels-Midland by 40.7% during the 1st quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company's stock valued at $207,847,000 after buying an additional 957,270 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.
Insider Buying and Selling
In related news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred 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 directly owns 265,210 shares of the company's stock, valued at approximately $16,047,857.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 219,348 shares of company stock worth $13,296,833 in the last 90 days. Insiders own 1.20% of the company's stock.
Archer-Daniels-Midland Stock Up 1.2 %
Shares of ADM traded up $0.66 during mid-day trading on Monday, hitting $55.30. 2,456,217 shares of the company traded hands, compared to its average volume of 4,250,100. The company has a market capitalization of $26.44 billion, a PE ratio of 10.97 and a beta of 0.73. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $77.35. 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 business has a 50 day moving average of $58.84 and a 200 day moving average of $60.36.
Archer-Daniels-Midland Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland's payout ratio is 40.16%.
Analyst Upgrades and Downgrades
ADM has been the topic of a number of research reports. UBS Group raised their target price 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. JPMorgan Chase & Co. increased 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. Finally, Citigroup decreased their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a "neutral" rating for the company in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $63.82.
Check Out Our Latest Stock Analysis on ADM
About Archer-Daniels-Midland
(
Free Report)
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.
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