Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lowered its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 17.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 8,372 shares of the company’s stock after selling 1,798 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Archer-Daniels-Midland were worth $500,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ADM. Argyle Capital Management Inc. grew its holdings in Archer-Daniels-Midland by 71.2% during the 3rd quarter. Argyle Capital Management Inc. now owns 12,448 shares of the company’s stock valued at $744,000 after purchasing an additional 5,175 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in Archer-Daniels-Midland by 36.9% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 3,284 shares of the company’s stock valued at $196,000 after purchasing an additional 886 shares in the last quarter. Inscription Capital LLC acquired a new stake in Archer-Daniels-Midland during the 3rd quarter valued at $233,000. Insight Folios Inc grew its holdings in Archer-Daniels-Midland by 6.1% during the 3rd quarter. Insight Folios Inc now owns 116,379 shares of the company’s stock valued at $6,953,000 after purchasing an additional 6,723 shares in the last quarter. Finally, Custom Index Systems LLC grew its holdings in Archer-Daniels-Midland by 102.9% during the 3rd quarter. Custom Index Systems LLC now owns 10,420 shares of the company’s stock valued at $622,000 after purchasing an additional 5,284 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated 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 directly owns 265,210 shares in the company, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 in the last ninety days. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target 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. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Finally, UBS Group raised their price objective 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. One research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average price target of $63.82.

Archer-Daniels-Midland Trading Down 1.0 %

Archer-Daniels-Midland stock opened at $54.64 on Monday. The firm’s 50-day moving average is $58.84 and its 200-day moving average is $60.36. 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 1 year low of $50.72 and a 1 year high of $77.35. The company has a market cap of $26.13 billion, a P/E ratio of 10.97 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.66%. Archer-Daniels-Midland’s payout ratio is currently 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.