Easterly Investment Partners LLC Grows Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Easterly Investment Partners LLC grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 32.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,961 shares of the company’s stock after purchasing an additional 50,727 shares during the quarter. Easterly Investment Partners LLC’s holdings in Archer-Daniels-Midland were worth $12,244,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $25,000. Riverview Trust Co bought a new position in shares of Archer-Daniels-Midland during the 2nd quarter valued at approximately $27,000. Altshuler Shaham Ltd bought a new position in shares of Archer-Daniels-Midland during the 2nd quarter valued at approximately $28,000. Crewe Advisors LLC bought a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at approximately $30,000. Finally, Sachetta LLC grew its stake in shares of Archer-Daniels-Midland by 39.8% during the 2nd quarter. Sachetta LLC now owns 737 shares of the company’s stock valued at $46,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Insider Transactions at Archer-Daniels-Midland

In other news, 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the firm’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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Archer-Daniels-Midland Trading Down 0.6 %

ADM stock traded down $0.34 during midday trading on Friday, reaching $52.15. The company’s stock had a trading volume of 991,207 shares, compared to its average volume of 4,260,476. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The stock has a fifty day simple moving average of $58.40 and a two-hundred day simple moving average of $60.19. Archer-Daniels-Midland Company has a 1 year low of $48.92 and a 1 year high of $77.35. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 10.54 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.84%. Archer-Daniels-Midland’s 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.