CFS Investment Advisory Services LLC Invests $1.53 Million in Archer-Daniels-Midland Company (NYSE:ADM)

CFS Investment Advisory Services LLC acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,538 shares of the company’s stock, valued at approximately $1,526,000.

A number of other large investors have also modified their holdings of ADM. Pacer Advisors Inc. increased its holdings in Archer-Daniels-Midland by 15,790.1% in the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock valued at $459,232,000 after buying an additional 7,549,083 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Archer-Daniels-Midland by 141.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock worth $187,885,000 after purchasing an additional 1,753,077 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Archer-Daniels-Midland by 73.6% during the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock worth $170,960,000 after purchasing an additional 1,199,992 shares during the last quarter. AustralianSuper Pty Ltd grew its holdings in shares of Archer-Daniels-Midland by 689.7% during the second quarter. AustralianSuper Pty Ltd now owns 1,008,242 shares of the company’s stock worth $60,948,000 after purchasing an additional 880,564 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Archer-Daniels-Midland by 68.3% during the first quarter. Canada Pension Plan Investment Board now owns 1,557,076 shares of the company’s stock worth $97,800,000 after purchasing an additional 632,100 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. UBS Group raised their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.83.

Archer-Daniels-Midland Price Performance

ADM stock opened at $53.15 on Friday. The firm has a 50 day moving average of $56.74 and a 200-day moving average of $59.60. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The company has a market cap of $25.43 billion, a price-to-earnings ratio of 15.19 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The business 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.76%. Archer-Daniels-Midland’s payout ratio is 57.14%.

Insider Transactions at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 14.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 219,348 shares of company stock valued at $13,296,833 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

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.