Atria Investments Inc Sells 2,670 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Atria Investments Inc lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 12.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,639 shares of the company’s stock after selling 2,670 shares during the period. Atria Investments Inc’s holdings in Archer-Daniels-Midland were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Foundation Advisors acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter worth approximately $94,000. Vanguard Group Inc. grew its holdings in Archer-Daniels-Midland by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after buying an additional 7,320,289 shares in the last quarter. TIAA Trust National Association grew its holdings in shares of Archer-Daniels-Midland by 18.1% during the 1st quarter. TIAA Trust National Association now owns 11,466 shares of the company’s stock worth $720,000 after purchasing an additional 1,754 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Archer-Daniels-Midland during the 1st quarter worth $662,000. Finally, Jacobi Capital Management LLC grew its holdings in shares of Archer-Daniels-Midland by 16.1% during the 1st quarter. Jacobi Capital Management LLC now owns 15,156 shares of the company’s stock worth $952,000 after purchasing an additional 2,105 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 219,348 shares of company stock worth $13,296,833 over the last three months. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Up 1.6 %

Archer-Daniels-Midland stock opened at $53.35 on Friday. The stock has a market cap of $25.51 billion, a P/E ratio of 10.71 and a beta of 0.73. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35. The company’s 50-day moving average price is $57.24 and its two-hundred day moving average price is $59.76.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.75%. Archer-Daniels-Midland’s dividend payout ratio is currently 40.16%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ADM. Morgan Stanley decreased their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. UBS Group upped 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. upped 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 equities research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average 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.