Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.7% in the third quarter, Holdings Channel reports. The firm owned 394,087 shares of the company’s stock after selling 2,738 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Archer-Daniels-Midland were worth $23,543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland during the 2nd quarter worth approximately $27,000. Altshuler Shaham Ltd acquired a new stake in Archer-Daniels-Midland during the 2nd quarter worth approximately $28,000. Finally, Peterson Financial Group Inc. acquired a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock opened at $53.01 on Tuesday. The stock has a 50 day moving average of $56.45 and a 200-day moving average of $59.45. Archer-Daniels-Midland Company has a 52 week low of $48.92 and a 52 week high of $77.35. The stock has a market cap of $25.37 billion, a P/E ratio of 15.15 and a beta of 0.73. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analyst Weigh In

Several analysts have issued reports on ADM shares. JPMorgan Chase & Co. increased 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 report on Wednesday, July 31st. UBS Group increased their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Morgan Stanley lowered their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.83.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was 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 directly owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 219,348 shares of company stock worth $13,296,833 over the last ninety days. 1.20% of the stock is owned by insiders.

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.