Van ECK Associates Corp Decreases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Van ECK Associates Corp reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 28.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 966,235 shares of the company’s stock after selling 378,671 shares during the quarter. Van ECK Associates Corp owned about 0.20% of Archer-Daniels-Midland worth $54,187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quent Capital LLC raised its position in shares of Archer-Daniels-Midland by 8.2% during the 2nd quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after purchasing an additional 164 shares during the period. Focused Wealth Management Inc increased its holdings in shares of Archer-Daniels-Midland by 3.3% in the 2nd quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock valued at $323,000 after acquiring an additional 169 shares during the period. Accordant Advisory Group Inc lifted its holdings in shares of Archer-Daniels-Midland by 0.8% during the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock valued at $1,418,000 after purchasing an additional 176 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in Archer-Daniels-Midland by 0.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock valued at $1,577,000 after purchasing an additional 178 shares during the last quarter. Finally, Legacy Capital Group California Inc. boosted its stake in shares of 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 worth $927,000 after buying an additional 181 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 265,210 shares in the company, 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. Insiders have sold 219,348 shares of company stock worth $13,296,833 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Archer-Daniels-Midland Price Performance

ADM opened at $54.64 on Monday. The stock has a fifty day moving average of $58.84 and a 200-day moving average of $60.36. The firm has a market capitalization of $26.13 billion, a P/E 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 Company has a 12-month low of $50.72 and a 12-month high of $77.35.

Archer-Daniels-Midland Announces Dividend

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

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.