Advisors Asset Management Inc. Sells 4,028 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Advisors Asset Management Inc. lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,317 shares of the company’s stock after selling 4,028 shares during the quarter. Advisors Asset Management Inc.’s holdings in Archer-Daniels-Midland were worth $1,990,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of Archer-Daniels-Midland by 15,790.1% during the 2nd 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. AQR Capital Management LLC lifted its holdings in Archer-Daniels-Midland by 73.6% during the second 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 last quarter. AustralianSuper Pty Ltd boosted its position in Archer-Daniels-Midland by 35.8% during the third quarter. AustralianSuper Pty Ltd now owns 1,369,338 shares of the company’s stock worth $81,804,000 after purchasing an additional 361,096 shares during the period. National Pension Service increased its stake in shares of Archer-Daniels-Midland by 5.8% in the third quarter. National Pension Service now owns 1,251,124 shares of the company’s stock worth $74,742,000 after purchasing an additional 68,391 shares in the last quarter. Finally, Empower Advisory Group LLC raised its position in shares of Archer-Daniels-Midland by 6.4% in the third quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock valued at $68,011,000 after purchasing an additional 68,133 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ADM shares. JPMorgan Chase & Co. boosted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. UBS Group boosted their price objective on 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 reduced their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $62.83.

Insider Buying and Selling

In other Archer-Daniels-Midland 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 39.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 219,348 shares of company stock worth $13,296,833 in the last quarter. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $53.13 on Monday. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35. The company has a fifty day moving average of $56.60 and a 200-day moving average of $59.52. The company has a market capitalization of $25.42 billion, a P/E ratio of 15.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 1.40.

Archer-Daniels-Midland Dividend Announcement

The company 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 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 dividend yield of 3.76%. Archer-Daniels-Midland’s dividend payout ratio is 57.14%.

About Archer-Daniels-Midland

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.