Victory Capital Management Inc. Has $55.63 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Victory Capital Management Inc. lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 931,271 shares of the company’s stock after selling 6,364 shares during the quarter. Victory Capital Management Inc. owned approximately 0.19% of Archer-Daniels-Midland worth $55,634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADM. Harbor Capital Advisors Inc. bought a new stake in Archer-Daniels-Midland in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in shares of Archer-Daniels-Midland in the third quarter valued at about $26,000. Riverview Trust Co acquired a new stake in shares of Archer-Daniels-Midland during the 2nd quarter worth about $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland in the 2nd quarter valued at about $28,000. Finally, Crewe Advisors LLC bought a new position in Archer-Daniels-Midland in the 1st quarter valued at about $30,000. Institutional investors own 78.28% of the company’s stock.

Insider Activity

In other news, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. 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 1.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 219,348 shares of company stock worth $13,296,833. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock opened at $52.51 on Friday. The company has a 50 day moving average of $57.51 and a 200-day moving average of $59.86. The company has a market cap of $25.11 billion, a PE ratio of 10.54 and a beta of 0.73. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $77.35.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 40.16%.

Analyst Ratings Changes

ADM has been the topic of several research reports. Morgan Stanley decreased their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, UBS Group upped their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.83.

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.