Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC lowered its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 29.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,318 shares of the company's stock after selling 10,388 shares during the quarter. WealthPLAN Partners LLC's holdings in Archer-Daniels-Midland were worth $1,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in 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 in the last quarter. Pacer Advisors Inc. raised 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 acquiring an additional 7,549,083 shares during the last quarter. Jacobs Levy Equity Management Inc. grew 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 purchasing an additional 1,753,077 shares during the last quarter. AQR Capital Management LLC increased its holdings in Archer-Daniels-Midland by 73.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company's stock valued at $170,960,000 after purchasing an additional 1,199,992 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Archer-Daniels-Midland by 68.3% in the 1st 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 period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the business's stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related 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 transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. 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 at the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,348 shares of company stock worth $13,296,833. Insiders own 1.20% of the company's stock.

Archer-Daniels-Midland Stock Performance

ADM stock traded down $0.40 during trading on Tuesday, reaching $51.96. The company had a trading volume of 613,653 shares, compared to its average volume of 4,247,074. The company has a market cap of $24.84 billion, a price-to-earnings ratio of 10.51 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35. The firm has a 50-day simple moving average of $57.89 and a 200-day simple moving average of $59.98.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio is currently 40.16%.

Wall Street Analyst Weigh In

ADM has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday. 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 report on Monday, September 9th. Finally, Citigroup lowered their price target on 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 fourteen have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $62.83.

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.