Fmr LLC Buys 1,007,494 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Fmr LLC grew its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 33.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,979,867 shares of the company’s stock after purchasing an additional 1,007,494 shares during the period. Fmr LLC owned approximately 0.83% of Archer-Daniels-Midland worth $237,757,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ADM. Cetera Investment Advisers increased its stake in Archer-Daniels-Midland by 1,643.5% in the 1st quarter. Cetera Investment Advisers now owns 197,088 shares of the company’s stock worth $12,379,000 after acquiring an additional 185,784 shares during the last quarter. GAMMA Investing LLC increased its position in Archer-Daniels-Midland by 143.4% in the second quarter. GAMMA Investing LLC now owns 9,643 shares of the company’s stock worth $583,000 after purchasing an additional 5,682 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Archer-Daniels-Midland by 14.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,729 shares of the company’s stock valued at $105,000 after purchasing an additional 213 shares in the last quarter. DNB Asset Management AS lifted its position in Archer-Daniels-Midland by 9.9% during the second quarter. DNB Asset Management AS now owns 104,383 shares of the company’s stock valued at $6,310,000 after purchasing an additional 9,420 shares during the last quarter. Finally, Quent Capital LLC grew its stake in shares of Archer-Daniels-Midland by 8.2% in the 2nd quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock worth $130,000 after buying an additional 164 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADM has been the subject of several recent research reports. UBS Group lifted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Morgan Stanley dropped their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average price target of $62.83.

Archer-Daniels-Midland Stock Up 0.4 %

NYSE:ADM opened at $54.60 on Monday. The stock has a fifty day simple moving average of $55.89 and a 200-day simple moving average of $59.24. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The company has a market cap of $26.13 billion, a price-to-earnings ratio of 15.60 and a beta of 0.73. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35.

Archer-Daniels-Midland Announces Dividend

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 given a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.66%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 57.14%.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This trade represents a 39.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

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.