Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,472,499 shares of the company's stock after selling 10,610 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.31% of Archer-Daniels-Midland worth $87,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADM. Quent Capital LLC lifted its holdings in Archer-Daniels-Midland by 8.2% in the 2nd quarter. Quent Capital LLC now owns 2,158 shares of the company's stock worth $130,000 after buying an additional 164 shares in the last quarter. Focused Wealth Management Inc boosted its holdings in Archer-Daniels-Midland by 3.3% in the second quarter. Focused Wealth Management Inc now owns 5,338 shares of the company's stock valued at $323,000 after purchasing an additional 169 shares during the last quarter. Accordant Advisory Group Inc grew its stake in Archer-Daniels-Midland by 0.8% during the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company's stock valued at $1,418,000 after purchasing an additional 176 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Archer-Daniels-Midland by 0.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company's stock worth $1,577,000 after purchasing an additional 178 shares during the last quarter. Finally, Legacy Capital Group California Inc. raised its position in shares of Archer-Daniels-Midland by 1.2% in the 2nd quarter. Legacy Capital Group California Inc. now owns 15,327 shares of the company's stock valued at $927,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Performance

ADM traded up $0.51 during trading on Thursday, reaching $52.38. 931,645 shares of the company were exchanged, compared to its average volume of 4,240,235. The stock has a market cap of $25.04 billion, a P/E ratio of 10.42 and a beta of 0.73. The firm has a 50 day moving average of $57.51 and a 200 day moving average of $59.86. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 52 week low of $48.92 and a 52 week high of $77.35.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.82%. Archer-Daniels-Midland's payout ratio is currently 40.16%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADM. JPMorgan Chase & Co. lifted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. 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, Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has an average rating of "Hold" and an average price target of $62.83.

Insider Buying and Selling

In other news, 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 completion of the transaction, the chief executive officer now owns 265,210 shares of the company's stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, 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 completion of the transaction, the chief executive officer now owns 265,210 shares of the company's stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $224,663.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock worth $13,296,833 in the last three months. 1.20% of the stock is owned by insiders.

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.