Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 1.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 25,377 shares of the company’s stock after acquiring an additional 388 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Archer-Daniels-Midland were worth $1,516,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $25,000. Riverview Trust Co purchased a new position in Archer-Daniels-Midland in the 2nd quarter valued at $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland in the 2nd quarter valued at $28,000. Crewe Advisors LLC purchased a new position in Archer-Daniels-Midland during the 1st quarter worth $30,000. Finally, Sachetta LLC lifted its stake in shares of Archer-Daniels-Midland by 39.8% in the 2nd quarter. Sachetta LLC now owns 737 shares of the company’s stock worth $46,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $51.87 on Thursday. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35. The company has a market capitalization of $24.80 billion, a P/E ratio of 10.43 and a beta of 0.73. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $57.70 and a two-hundred day moving average price of $59.92.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is currently 40.16%.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ADM has been the subject of several analyst reports. UBS Group increased their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. JPMorgan Chase & Co. raised their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley dropped their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price 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.