Archer-Daniels-Midland Company (NYSE:ADM) Holdings Decreased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. cut its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,035 shares of the company’s stock after selling 206 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Archer-Daniels-Midland were worth $540,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. CFS Investment Advisory Services LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $1,526,000. Raymond James Trust N.A. boosted its stake in Archer-Daniels-Midland by 7.4% in the third quarter. Raymond James Trust N.A. now owns 9,202 shares of the company’s stock valued at $550,000 after acquiring an additional 637 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Archer-Daniels-Midland by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock valued at $215,533,000 after purchasing an additional 63,883 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after purchasing an additional 489,554 shares during the last quarter. Finally, John G Ullman & Associates Inc. acquired a new position in Archer-Daniels-Midland during the 3rd quarter valued at approximately $269,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

ADM opened at $53.72 on Wednesday. The business has a 50 day moving average price of $56.31 and a two-hundred day moving average price of $59.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The company has a market capitalization of $25.71 billion, a price-to-earnings ratio of 15.35 and a beta of 0.73. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-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. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.72%. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Analyst Ratings Changes

ADM has been the topic of a number of recent research reports. UBS Group raised their target price 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. JPMorgan Chase & Co. lifted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley decreased their target price 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. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and an average price target of $62.83.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. The trade was a 39.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by company 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.