Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 28.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,675 shares of the company’s stock after selling 7,907 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Archer-Daniels-Midland were worth $1,175,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ADM. Harbor Capital Advisors Inc. purchased a new stake in shares of Archer-Daniels-Midland during the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland during the third quarter worth approximately $26,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland in the 2nd quarter valued at $27,000. Altshuler Shaham Ltd purchased a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth $28,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Archer-Daniels-Midland in the third quarter valued at $28,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 170,194 shares of the 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 owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This trade represents a 39.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

ADM opened at $54.60 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $55.89 and its 200 day moving average price is $59.24. Archer-Daniels-Midland Company has a fifty-two week low of $48.92 and a fifty-two week high of $77.35. The firm has a market cap of $26.13 billion, a price-to-earnings ratio of 15.60 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 57.14%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ADM. Morgan Stanley decreased their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. UBS Group boosted their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. 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 a consensus target price of $62.83.

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.