Aigen Investment Management LP Takes $1.23 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Aigen Investment Management LP bought a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 20,621 shares of the company’s stock, valued at approximately $1,232,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Marathon Asset Management Ltd lifted its holdings in shares of Archer-Daniels-Midland by 4.5% during the third quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock valued at $18,110,000 after acquiring 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 about $974,000. Vest Financial LLC raised its stake in shares of Archer-Daniels-Midland by 8.9% during the third quarter. Vest Financial LLC now owns 782,428 shares of the company’s stock worth $46,742,000 after buying an additional 63,716 shares during the last quarter. 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 increased its holdings in Archer-Daniels-Midland by 52.2% in the second 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 last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 1.8 %

NYSE ADM opened at $51.44 on Wednesday. The company has a 50 day moving average of $57.89 and a 200-day moving average of $59.98. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year 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. The company has a market cap of $24.60 billion, a price-to-earnings ratio of 10.33 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 annualized dividend and a yield of 3.89%. Archer-Daniels-Midland’s dividend payout ratio is 40.16%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ADM shares. 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. Morgan Stanley reduced their price target 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. raised their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.83.

Insider Buying and Selling at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

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.