Oppenheimer & Co. Inc. trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 48.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,715 shares of the company's stock after selling 17,622 shares during the period. Oppenheimer & Co. Inc.'s holdings in Archer-Daniels-Midland were worth $1,118,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in Archer-Daniels-Midland by 15,790.1% in the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company's stock worth $459,232,000 after acquiring an additional 7,549,083 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake 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 buying an additional 1,753,077 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of 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 worth $170,960,000 after buying an additional 1,199,992 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Archer-Daniels-Midland by 68.3% in the first quarter. Canada Pension Plan Investment Board now owns 1,557,076 shares of the company's stock worth $97,800,000 after buying an additional 632,100 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its stake in shares of Archer-Daniels-Midland by 35.8% in the third quarter. AustralianSuper Pty Ltd now owns 1,369,338 shares of the company's stock worth $81,804,000 after buying an additional 361,096 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 $0.27 on Tuesday, hitting $52.99. The company's stock had a trading volume of 2,187,018 shares, compared to its average volume of 4,226,379. The firm has a market cap of $25.33 billion, a P/E ratio of 10.69 and a beta of 0.73. 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 fifty day moving average price of $57.10 and a 200-day moving average price of $59.73. Archer-Daniels-Midland Company has a one year low of $48.92 and a one year high of $77.35.
Archer-Daniels-Midland Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland's payout ratio is 40.16%.
Insider Transactions at Archer-Daniels-Midland
In other news, CEO Juan R. Luciano sold 170,194 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 265,210 shares of the company's stock, valued at approximately $16,047,857.10. This represents a 39.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on ADM. Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 12th. UBS Group upped their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.83.
View Our Latest Report on Archer-Daniels-Midland
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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