Empirical Finance LLC Buys 255 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Empirical Finance LLC boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 1.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,663 shares of the company’s stock after acquiring an additional 255 shares during the period. Empirical Finance LLC’s holdings in Archer-Daniels-Midland were worth $1,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quent Capital LLC increased its position in shares of Archer-Daniels-Midland by 8.2% during the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock worth $130,000 after buying an additional 164 shares during the period. Focused Wealth Management Inc grew its holdings in Archer-Daniels-Midland by 3.3% during the 2nd quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock worth $323,000 after acquiring an additional 169 shares during the period. Accordant Advisory Group Inc raised its position in shares of Archer-Daniels-Midland by 0.8% in the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock worth $1,418,000 after acquiring an additional 176 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Archer-Daniels-Midland by 0.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock valued at $1,577,000 after purchasing an additional 178 shares during the period. Finally, Legacy Capital Group California Inc. boosted its position in shares of Archer-Daniels-Midland by 1.2% during the 2nd quarter. Legacy Capital Group California Inc. now owns 15,327 shares of the company’s stock valued at $927,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 219,348 shares of company stock valued at $13,296,833. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

ADM has been the subject of a number of research analyst reports. 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. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Finally, UBS Group raised their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average target price of $62.83.

Archer-Daniels-Midland Stock Up 1.6 %

Archer-Daniels-Midland stock opened at $53.35 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $57.24 and its two-hundred day moving average price is $59.77. The firm has a market capitalization of $25.51 billion, a price-to-earnings ratio of 10.71 and a beta of 0.73. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $77.35.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.75%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 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.