OneDigital Investment Advisors LLC Trims Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

OneDigital Investment Advisors LLC decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 13.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,321 shares of the company’s stock after selling 669 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Archer-Daniels-Midland were worth $258,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Empower Advisory Group LLC raised its position in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock valued at $68,011,000 after purchasing an additional 68,133 shares during the last quarter. Marathon Asset Management Ltd raised its holdings in shares of Archer-Daniels-Midland by 4.5% in the third quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock valued at $18,110,000 after buying an additional 13,177 shares during the last quarter. Heritage Wealth Management Inc. acquired a new stake in shares of Archer-Daniels-Midland during the second quarter worth about $974,000. Vest Financial LLC grew its holdings in shares of Archer-Daniels-Midland by 8.9% during the third quarter. Vest Financial LLC now owns 782,428 shares of the company’s stock worth $46,742,000 after buying an additional 63,716 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Archer-Daniels-Midland in the 3rd quarter valued at about $1,081,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $53.13 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35. The company has a 50-day simple moving average of $56.60 and a 200-day simple moving average of $59.55. The company has a market capitalization of $25.42 billion, a PE ratio of 15.18 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.76%. Archer-Daniels-Midland’s payout ratio is 57.14%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ADM shares. 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 report on Tuesday, November 12th. UBS Group increased their price target 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. boosted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.83.

Insider Transactions at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The trade was a 14.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 219,348 shares of company stock valued at $13,296,833 in the last quarter. 1.20% of the stock is currently owned by corporate 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.