Empirical Finance LLC Has $1.12 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Empirical Finance LLC boosted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,663 shares of the company’s stock after buying an additional 255 shares during the quarter. Empirical Finance LLC’s holdings in Archer-Daniels-Midland were worth $1,115,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Archer-Daniels-Midland in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $26,000. Riverview Trust Co acquired a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth about $27,000. Altshuler Shaham Ltd bought a new position in shares of Archer-Daniels-Midland in the 2nd quarter valued at about $28,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $30,000. Institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The trade was a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $53.35 on Friday. Archer-Daniels-Midland Company has a one year low of $48.92 and a one year high of $77.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The firm has a market cap of $25.51 billion, a price-to-earnings ratio of 10.71 and a beta of 0.73. The stock’s fifty day moving average price is $57.24 and its two-hundred day moving average price is $59.77.

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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 40.16%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ADM. JPMorgan Chase & Co. boosted their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Morgan Stanley cut their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. Finally, UBS Group boosted 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 note on Monday, September 9th. One investment analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.83.

About Archer-Daniels-Midland

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.