Dynamic Technology Lab Private Ltd Sells 9,261 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Dynamic Technology Lab Private Ltd reduced its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 44.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,424 shares of the company’s stock after selling 9,261 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Archer-Daniels-Midland were worth $682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Archer-Daniels-Midland by 1.1% in the 1st 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 last quarter. Swedbank AB bought a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at approximately $23,106,000. Burney Co. increased its stake in shares of Archer-Daniels-Midland by 65.9% during the 1st quarter. Burney Co. now owns 83,699 shares of the company’s stock worth $5,257,000 after purchasing an additional 33,251 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of 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 purchasing an additional 185,784 shares during the period. Finally, Cetera Advisors LLC lifted its stake in Archer-Daniels-Midland by 53.1% in the first quarter. Cetera Advisors LLC now owns 132,602 shares of the company’s stock valued at $8,329,000 after purchasing an additional 45,975 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

ADM has been the subject of a number of recent research reports. UBS Group raised their target price 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 lowered their price objective on 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. One investment analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.83.

Archer-Daniels-Midland Trading Up 1.2 %

Shares of Archer-Daniels-Midland stock opened at $54.37 on Friday. The company’s 50-day moving average price is $56.03 and its 200-day moving average price is $59.32. The company has a market cap of $26.02 billion, a price-to-earnings ratio of 15.53 and a beta of 0.73. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 57.14%.

Insider Activity

In other news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated 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 owns 265,210 shares in the company, valued at approximately $16,047,857.10. This trade represents a 39.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

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.