Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,015 shares of the company’s stock after purchasing an additional 6,387 shares during the period. Metis Global Partners LLC’s holdings in Archer-Daniels-Midland were worth $2,988,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ADM. Harbor Capital Advisors Inc. acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland during the third quarter worth $26,000. Riverview Trust Co bought a new stake in Archer-Daniels-Midland during the second quarter valued at $27,000. Altshuler Shaham Ltd acquired a new stake in shares of Archer-Daniels-Midland during the second quarter worth $28,000. Finally, Crewe Advisors LLC bought a new position in shares of Archer-Daniels-Midland in the 1st quarter worth about $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by corporate insiders.

Archer-Daniels-Midland Stock Up 1.2 %

ADM stock opened at $52.51 on Friday. The firm’s 50-day moving average is $57.51 and its two-hundred day moving average is $59.86. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 10.54 and a beta of 0.73. Archer-Daniels-Midland Company has a 52 week low of $48.92 and a 52 week high of $77.35. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland Dividend Announcement

The company 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. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.81%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 40.16%.

Analysts Set New Price Targets

ADM has been the topic of several research reports. UBS Group increased 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. Morgan Stanley reduced their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price 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. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.