Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by AMG National Trust Bank

AMG National Trust Bank lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 18.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,013 shares of the company’s stock after selling 1,143 shares during the quarter. AMG National Trust Bank’s holdings in Archer-Daniels-Midland were worth $299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. bought a new position in Archer-Daniels-Midland in the third quarter worth about $28,000. RIA Advisory Group LLC acquired a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $281,000. Mizuho Markets Americas LLC boosted its stake in Archer-Daniels-Midland by 2.0% during the 3rd quarter. Mizuho Markets Americas LLC now owns 102,565 shares of the company’s stock valued at $6,127,000 after purchasing an additional 2,014 shares in the last quarter. Empirical Finance LLC grew its holdings in Archer-Daniels-Midland by 1.4% during the third quarter. Empirical Finance LLC now owns 18,663 shares of the company’s stock worth $1,115,000 after acquiring an additional 255 shares during the period. Finally, Vectors Research Management LLC lifted its position in shares of Archer-Daniels-Midland by 3.2% during the 3rd quarter. Vectors Research Management LLC now owns 17,969 shares of the company’s stock valued at $1,072,000 after acquiring an additional 553 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Up 0.5 %

NYSE:ADM opened at $52.99 on Wednesday. The firm has a market capitalization of $25.33 billion, a price-to-earnings ratio of 10.64 and a beta of 0.73. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $77.35. The business’s 50-day moving average price is $56.98 and its two-hundred day moving average price is $59.69. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 40.16%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ADM shares. UBS Group upped 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 note on Monday, September 9th. Morgan Stanley dropped their price target 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, JPMorgan Chase & Co. boosted their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.83.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 219,348 shares of company stock valued at $13,296,833. Corporate insiders own 1.20% of the company’s stock.

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.