KKM Financial LLC Grows Stake in Archer-Daniels-Midland Company (NYSE:ADM)

KKM Financial LLC boosted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 6.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,282 shares of the company’s stock after purchasing an additional 1,957 shares during the period. KKM Financial LLC’s holdings in Archer-Daniels-Midland were worth $1,988,000 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 position in Archer-Daniels-Midland during the third quarter worth $25,000. Ashton Thomas Securities LLC purchased a new position in Archer-Daniels-Midland during the third quarter worth $26,000. Riverview Trust Co purchased a new position in Archer-Daniels-Midland during the second quarter worth $27,000. Altshuler Shaham Ltd purchased a new position in Archer-Daniels-Midland during the second quarter worth $28,000. Finally, Peterson Financial Group Inc. purchased a new position in Archer-Daniels-Midland during the third quarter worth $28,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.1 %

Shares of ADM opened at $53.13 on Friday. The stock’s 50-day moving average is $56.60 and its two-hundred day moving average is $59.55. The stock has a market cap of $25.42 billion, a PE ratio of 15.18 and a beta of 0.73. Archer-Daniels-Midland Company has a 12 month low of $48.92 and a 12 month high of $77.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.88.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ADM. Morgan Stanley dropped their price target on 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. UBS Group raised their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus target price of $62.83.

Insider Transactions at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland 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 directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is currently owned by insiders.

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.