Prime Capital Investment Advisors LLC Has $263,000 Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Prime Capital Investment Advisors LLC decreased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,409 shares of the company’s stock after selling 511 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Archer-Daniels-Midland were worth $263,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. United Capital Management of KS Inc. acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at $239,000. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth about $26,000. Crossmark Global Holdings Inc. increased its position in shares of Archer-Daniels-Midland by 1.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 25,377 shares of the company’s stock worth $1,516,000 after purchasing an additional 388 shares in the last quarter. Sigma Planning Corp increased its position in shares of Archer-Daniels-Midland by 4.8% during the 3rd quarter. Sigma Planning Corp now owns 23,055 shares of the company’s stock worth $1,377,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Archer-Daniels-Midland by 0.9% during the 3rd quarter. Assetmark Inc. now owns 114,149 shares of the company’s stock worth $6,819,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $53.35 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The company has a market capitalization of $25.51 billion, a P/E ratio of 10.71 and a beta of 0.73. The company’s 50 day moving average price is $57.24 and its two-hundred day moving average price is $59.78. Archer-Daniels-Midland Company has a 52 week low of $48.92 and a 52 week high of $77.35.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued 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 3.75%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 40.16%.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 1.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 219,348 shares of company stock worth $13,296,833. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Morgan Stanley lowered their price objective 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. Finally, UBS Group raised their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.83.

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.