Quest Partners LLC Reduces Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Quest Partners LLC lessened its position in Archer-Daniels-Midland Company (NYSE:ADM) by 30.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,250 shares of the company’s stock after selling 984 shares during the period. Quest Partners LLC’s holdings in Archer-Daniels-Midland were worth $134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Archer-Daniels-Midland in the third quarter valued at $28,000. RIA Advisory Group LLC purchased a new stake in Archer-Daniels-Midland in the 3rd quarter valued at about $281,000. Mizuho Markets Americas LLC increased its stake in shares of Archer-Daniels-Midland by 2.0% during the 3rd quarter. Mizuho Markets Americas LLC now owns 102,565 shares of the company’s stock valued at $6,127,000 after acquiring an additional 2,014 shares during the last quarter. Empirical Finance LLC boosted its position in shares of Archer-Daniels-Midland by 1.4% in the third quarter. Empirical Finance LLC now owns 18,663 shares of the company’s stock worth $1,115,000 after acquiring an additional 255 shares during the last quarter. Finally, Vectors Research Management LLC grew its holdings in Archer-Daniels-Midland by 3.2% in the third quarter. Vectors Research Management LLC now owns 17,969 shares of the company’s stock valued at $1,072,000 after purchasing an additional 553 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $54.37 on Friday. The firm has a fifty day simple moving average of $56.03 and a 200-day simple moving average of $59.32. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $26.02 billion, a PE ratio of 15.53 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.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend 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 Transactions at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 39.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ADM. Morgan Stanley cut their price target 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 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. One analyst has rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.83.

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.