Apollon Wealth Management LLC Trims Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Apollon Wealth Management LLC decreased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,292 shares of the company’s stock after selling 708 shares during the period. Apollon Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland during the 2nd quarter worth approximately $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland during the 2nd quarter worth approximately $28,000. Finally, Crewe Advisors LLC acquired a new position in Archer-Daniels-Midland during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 1.6 %

Shares of Archer-Daniels-Midland stock opened at $53.35 on Monday. Archer-Daniels-Midland Company has a fifty-two week low of $48.92 and a fifty-two week high of $77.35. The firm has a market cap of $25.51 billion, a PE ratio of 10.71 and a beta of 0.73. The business’s fifty day moving average is $57.24 and its two-hundred day moving average is $59.78. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 40.16%.

Analyst Ratings Changes

A number of research firms recently weighed in on ADM. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, UBS Group upped 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. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus target price of $62.83.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. This represents a 1.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 in the last quarter. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland 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.