Intech Investment Management LLC Raises Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Intech Investment Management LLC grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 10.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,110 shares of the company’s stock after purchasing an additional 1,807 shares during the period. Intech Investment Management LLC’s holdings in Archer-Daniels-Midland were worth $1,142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADM. Price T Rowe Associates Inc. MD increased its stake in shares of Archer-Daniels-Midland by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 734,301 shares of the company’s stock worth $46,123,000 after buying an additional 7,681 shares during the period. iA Global Asset Management Inc. increased its stake in shares of Archer-Daniels-Midland by 4.6% during the first quarter. iA Global Asset Management Inc. now owns 26,377 shares of the company’s stock worth $1,657,000 after buying an additional 1,154 shares during the period. Wahed Invest LLC increased its stake in shares of Archer-Daniels-Midland by 12.7% during the first quarter. Wahed Invest LLC now owns 10,278 shares of the company’s stock worth $646,000 after buying an additional 1,161 shares during the period. LRI Investments LLC purchased a new stake in shares of Archer-Daniels-Midland during the first quarter worth approximately $342,000. Finally, Swedbank AB purchased a new stake in shares of Archer-Daniels-Midland during the first quarter worth approximately $23,106,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

ADM stock opened at $54.33 on Thursday. The company has a market capitalization of $26.00 billion, a P/E ratio of 15.52 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. The business has a 50 day simple moving average of $56.19 and a 200-day simple moving average of $59.35. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 170,194 shares of the 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 completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This trade represents a 39.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. UBS Group increased their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their price target 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 analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.83.

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.