Swiss National Bank Sells 18,000 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Swiss National Bank reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,467,600 shares of the company's stock after selling 18,000 shares during the period. Swiss National Bank owned approximately 0.31% of Archer-Daniels-Midland worth $87,674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Edgestream Partners L.P. bought a new position in shares of Archer-Daniels-Midland in the first quarter valued at $662,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Archer-Daniels-Midland by 0.7% during the first quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company's stock valued at $1,577,000 after purchasing an additional 178 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in Archer-Daniels-Midland by 381.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 23,588 shares of the company's stock worth $1,482,000 after purchasing an additional 18,687 shares in the last quarter. Lake Street Advisors Group LLC acquired a new stake in Archer-Daniels-Midland during the 1st quarter worth about $201,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Archer-Daniels-Midland by 45.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 497,992 shares of the company's stock valued at $31,303,000 after buying an additional 156,467 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 45,471 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $16,177,810. This represents a 14.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 219,348 shares of company stock valued at $13,296,833 over the last three months. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on ADM shares. Morgan Stanley reduced their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 12th. UBS Group raised their target price 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. lifted their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a "neutral" rating in a report 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 company's stock. According to data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of "Hold" and a consensus target price of $62.83.

Archer-Daniels-Midland Stock Up 0.6 %

NYSE ADM traded up $0.31 during trading on Tuesday, reaching $53.02. The company's stock had a trading volume of 1,250,941 shares, compared to its average volume of 4,222,200. The business has a 50-day moving average price of $57.10 and a 200-day moving average price of $59.73. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $77.35. The stock has a market capitalization of $25.35 billion, a PE ratio of 10.69 and a beta of 0.73. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio is presently 40.16%.

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.