Fmr LLC Increases Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Fmr LLC boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 33.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,979,867 shares of the company’s stock after buying an additional 1,007,494 shares during the quarter. Fmr LLC’s holdings in Archer-Daniels-Midland were worth $237,757,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Archer-Daniels-Midland during the third quarter valued at about $26,000. Riverview Trust Co bought a new stake in shares of Archer-Daniels-Midland in the 2nd quarter valued at about $27,000. Altshuler Shaham Ltd bought a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $28,000. Finally, Peterson Financial Group Inc. purchased a new stake in Archer-Daniels-Midland during the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ADM. Morgan Stanley cut their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. UBS Group boosted their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.83.

Archer-Daniels-Midland Stock Up 0.4 %

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

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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 yield of 3.66%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Insider Buying and Selling at Archer-Daniels-Midland

In related 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 transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. The trade was a 39.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

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.