CFS Investment Advisory Services LLC Makes New Investment in Archer-Daniels-Midland Company (NYSE:ADM)

CFS Investment Advisory Services LLC bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 25,538 shares of the company’s stock, valued at approximately $1,526,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empower Advisory Group LLC grew its stake in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock worth $68,011,000 after acquiring an additional 68,133 shares during the period. Marathon Asset Management Ltd grew its stake in Archer-Daniels-Midland by 4.5% in the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after acquiring an additional 13,177 shares during the period. Pacer Advisors Inc. grew its stake in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after acquiring an additional 489,554 shares during the period. Heritage Wealth Management Inc. acquired a new position in shares of Archer-Daniels-Midland in the 2nd quarter valued at $974,000. Finally, Vest Financial LLC boosted its holdings in shares of Archer-Daniels-Midland by 8.9% in the 3rd quarter. Vest Financial LLC now owns 782,428 shares of the company’s stock valued at $46,742,000 after purchasing an additional 63,716 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADM. JPMorgan Chase & Co. lifted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. UBS Group lifted their price target 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. Finally, Morgan Stanley decreased their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. One investment 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 company presently has a consensus rating of “Hold” and an average price target of $62.83.

Insider Transactions at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of the business’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 completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The trade was a 39.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 219,348 shares of company stock valued at $13,296,833. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $53.15 on Friday. Archer-Daniels-Midland Company has a 12 month low of $48.92 and a 12 month high of $77.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.88. The firm has a market capitalization of $25.43 billion, a P/E ratio of 15.19 and a beta of 0.73. The company’s fifty day moving average price is $56.74 and its two-hundred day moving average price is $59.60.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

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.