Prospera Financial Services Inc Lowers Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Prospera Financial Services Inc cut its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,920 shares of the company’s stock after selling 411 shares during the period. Prospera Financial Services Inc’s holdings in Archer-Daniels-Midland were worth $533,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ADM. Harbor Capital Advisors Inc. acquired a new position in Archer-Daniels-Midland during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in Archer-Daniels-Midland during the third quarter worth $26,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland during the second quarter worth $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland during the second quarter worth $28,000. Finally, Peterson Financial Group Inc. acquired a new position in Archer-Daniels-Midland during the third quarter worth $28,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Down 0.1 %

Shares of ADM stock opened at $53.13 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.88. The firm has a market cap of $25.42 billion, a PE ratio of 15.18 and a beta of 0.73. The company has a 50-day moving average of $56.60 and a two-hundred day moving average of $59.53. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $77.35.

Archer-Daniels-Midland Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now 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 filing with the SEC, which is available through the SEC website. Insiders sold a total of 219,348 shares of company stock valued at $13,296,833 over the last 90 days. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group upped their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. increased their target price 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. Finally, Morgan Stanley reduced their target price 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 analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.