Cerity Partners LLC Has $4.30 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Cerity Partners LLC lifted its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 56.3% during the third quarter, Holdings Channel reports. The fund owned 72,038 shares of the company’s stock after acquiring an additional 25,954 shares during the quarter. Cerity Partners LLC’s holdings in Archer-Daniels-Midland were worth $4,304,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of Archer-Daniels-Midland in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland in the 3rd quarter worth $26,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland during the 2nd quarter worth $27,000. Altshuler Shaham Ltd bought a new stake in Archer-Daniels-Midland during the second quarter valued at about $28,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Archer-Daniels-Midland in the third quarter worth about $28,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of research analyst 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 report on Monday, September 9th. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.83.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $54.37 on Friday. The stock has a market cap of $26.02 billion, a P/E ratio of 15.53 and a beta of 0.73. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35. The company’s 50-day simple moving average is $56.03 and its 200 day simple moving average is $59.32.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.68%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

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.