Lowe Brockenbrough & Co. Inc. Has $732,000 Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Lowe Brockenbrough & Co. Inc. lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,254 shares of the company’s stock after selling 813 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Archer-Daniels-Midland were worth $732,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Marathon Asset Management Ltd grew its position in shares of Archer-Daniels-Midland by 4.5% during the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after buying an additional 13,177 shares during the period. Heritage Wealth Management Inc. bought a new position in Archer-Daniels-Midland in the second quarter valued at approximately $974,000. Vest Financial LLC grew its holdings in Archer-Daniels-Midland by 8.9% during the 3rd quarter. Vest Financial LLC now owns 782,428 shares of the company’s stock worth $46,742,000 after acquiring an additional 63,716 shares during the period. nVerses Capital LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at $1,081,000. Finally, CWM LLC lifted its stake in shares of Archer-Daniels-Midland by 52.2% in the 2nd quarter. CWM LLC now owns 25,151 shares of the company’s stock valued at $1,520,000 after purchasing an additional 8,628 shares during the period. Institutional investors own 78.28% of the company’s stock.

Insider Activity at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,348 shares of company stock valued at $13,296,833. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ADM shares. Citigroup decreased their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. UBS Group increased their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $63.82.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $54.64 on Friday. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $77.35. The firm’s 50 day moving average is $58.84 and its 200-day moving average is $60.36. The company has a market capitalization of $26.13 billion, a PE ratio of 10.97 and a beta of 0.73. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 40.16%.

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.