Kentucky Retirement Systems Insurance Trust Fund Has $846,000 Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Kentucky Retirement Systems Insurance Trust Fund lowered its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 11.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,157 shares of the company’s stock after selling 1,791 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Archer-Daniels-Midland were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADM. TIAA Trust National Association boosted its stake in Archer-Daniels-Midland by 18.1% in the 1st quarter. TIAA Trust National Association now owns 11,466 shares of the company’s stock worth $720,000 after purchasing an additional 1,754 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Archer-Daniels-Midland in the first quarter worth $662,000. Ameritas Investment Partners Inc. raised its position in Archer-Daniels-Midland by 0.7% during the first quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock valued at $1,577,000 after buying an additional 178 shares during the period. UniSuper Management Pty Ltd lifted its stake in Archer-Daniels-Midland by 381.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 23,588 shares of the company’s stock worth $1,482,000 after acquiring an additional 18,687 shares in the last quarter. Finally, Delta Asset Management LLC TN grew its stake in Archer-Daniels-Midland by 5.7% during the 1st quarter. Delta Asset Management LLC TN now owns 5,082 shares of the company’s stock valued at $319,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $53.35 on Monday. The business’s 50-day simple moving average is $57.24 and its 200-day simple moving average is $59.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. Archer-Daniels-Midland Company has a 52 week low of $48.92 and a 52 week high of $77.35. The firm has a market cap of $25.51 billion, a price-to-earnings ratio of 10.71 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 3.75%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is 40.16%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ADM shares. UBS Group increased their price target 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. Morgan Stanley decreased 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 note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.83.

Insider Transactions at Archer-Daniels-Midland

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

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.