Chicago Partners Investment Group LLC Acquires 291 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Chicago Partners Investment Group LLC raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 0.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 38,333 shares of the company’s stock after purchasing an additional 291 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Archer-Daniels-Midland were worth $2,150,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ADM. Marathon Asset Management Ltd raised its holdings in 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. acquired a new position in Archer-Daniels-Midland in the 2nd quarter valued at about $974,000. Vest Financial LLC increased its position 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 buying an additional 63,716 shares during the period. nVerses Capital LLC bought a new stake in shares of Archer-Daniels-Midland in the third quarter valued at approximately $1,081,000. Finally, CWM LLC increased its holdings in 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 buying an additional 8,628 shares during the period. 78.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Citigroup cut their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, UBS Group increased their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.82.

Archer-Daniels-Midland Trading Down 1.0 %

Shares of Archer-Daniels-Midland stock opened at $54.64 on Friday. The company has a fifty day moving average of $58.84 and a 200 day moving average of $60.36. The company has a market capitalization of $26.13 billion, a P/E ratio of 10.97 and a beta of 0.73. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $77.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were issued 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 (DPR) is presently 40.16%.

Insider Activity

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 transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, 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 transaction 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 $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is currently owned by corporate 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.