Freedom Investment Management Inc. Sells 1,248 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Freedom Investment Management Inc. reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,196 shares of the company’s stock after selling 1,248 shares during the period. Freedom Investment Management Inc.’s holdings in Archer-Daniels-Midland were worth $848,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADM. Harbor Capital Advisors Inc. bought a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $26,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland during the 2nd quarter worth $27,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland during the second quarter worth about $28,000. Finally, Peterson Financial Group Inc. acquired a new position in Archer-Daniels-Midland in the third quarter valued at about $28,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

ADM opened at $54.37 on Friday. The business’s 50-day simple moving average is $56.03 and its 200 day simple moving average is $59.32. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The firm has a market capitalization of $26.02 billion, a PE ratio of 15.53 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

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

Wall Street Analysts Forecast Growth

ADM has been the topic of several recent analyst reports. UBS Group lifted their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Morgan Stanley reduced 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 report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.83.

Insider Buying and Selling

In other news, CEO Juan R. Luciano sold 170,194 shares of the business’s 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 transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. The trade was a 39.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by corporate insiders.

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.