Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Lifted by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 14.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 50,015 shares of the company’s stock after acquiring an additional 6,387 shares during the quarter. Metis Global Partners LLC’s holdings in Archer-Daniels-Midland were worth $2,988,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Archer-Daniels-Midland by 86.2% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 58,222 shares of the company’s stock worth $3,657,000 after purchasing an additional 26,952 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Archer-Daniels-Midland by 4.4% in the first quarter. Blair William & Co. IL now owns 108,441 shares of the company’s stock worth $6,811,000 after buying an additional 4,527 shares during the period. Mizuho Markets Americas LLC increased its position in shares of Archer-Daniels-Midland by 181.7% in the first quarter. Mizuho Markets Americas LLC now owns 183,422 shares of the company’s stock worth $11,521,000 after acquiring an additional 118,314 shares in the last quarter. First Foundation Advisors acquired a new stake in shares of Archer-Daniels-Midland during the first quarter valued at approximately $94,000. Finally, Vanguard Group Inc. lifted its position in shares of Archer-Daniels-Midland by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after acquiring an additional 7,320,289 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $52.51 on Friday. 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 firm has a market cap of $25.11 billion, a PE ratio of 10.54 and a beta of 0.73. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35. The firm’s 50 day moving average price is $57.51 and its 200 day moving average price is $59.86.

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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.81%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 40.16%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ADM. UBS Group boosted their target price 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. JPMorgan Chase & Co. upped their price target 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, Morgan Stanley decreased their price objective 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. One investment analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.83.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 over the last three months. Corporate insiders own 1.20% of the company’s stock.

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.