Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by FORA Capital LLC

FORA Capital LLC cut its position in Archer-Daniels-Midland Company (NYSE:ADM) by 21.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,163 shares of the company’s stock after selling 3,854 shares during the period. FORA Capital LLC’s holdings in Archer-Daniels-Midland were worth $846,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ADM. Quent Capital LLC lifted its holdings in Archer-Daniels-Midland by 8.2% in the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after acquiring an additional 164 shares during the period. Focused Wealth Management Inc boosted its holdings in Archer-Daniels-Midland by 3.3% during the second quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock worth $323,000 after buying an additional 169 shares in the last quarter. Accordant Advisory Group Inc grew its position in Archer-Daniels-Midland by 0.8% during the second quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock valued at $1,418,000 after buying an additional 176 shares during the period. Legacy Capital Group California Inc. increased its holdings in Archer-Daniels-Midland by 1.2% in the second quarter. Legacy Capital Group California Inc. now owns 15,327 shares of the company’s stock valued at $927,000 after buying an additional 181 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of Archer-Daniels-Midland by 4.8% in the third quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock worth $240,000 after acquiring an additional 183 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This represents a 39.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Archer-Daniels-Midland Stock Up 1.2 %

ADM stock opened at $54.37 on Friday. The company has a market cap of $26.02 billion, a price-to-earnings ratio of 15.53 and a beta of 0.73. The firm has a 50-day moving average of $56.03 and a two-hundred day moving average of $59.32. 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 0.84 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group lifted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Morgan Stanley dropped their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to MarketBeat, the stock presently 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.