Heritage Investors Management Corp Boosts Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Heritage Investors Management Corp lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 163,614 shares of the company’s stock after purchasing an additional 2,918 shares during the period. Heritage Investors Management Corp’s holdings in Archer-Daniels-Midland were worth $9,775,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Archer-Daniels-Midland by 12.1% during the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock worth $4,260,165,000 after acquiring an additional 7,320,289 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Archer-Daniels-Midland by 15,790.1% during the 2nd quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after purchasing an additional 7,549,083 shares during the period. ProShare Advisors LLC increased its position in Archer-Daniels-Midland by 40.7% during the 1st quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock worth $207,847,000 after purchasing an additional 957,270 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Archer-Daniels-Midland by 141.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock valued at $187,885,000 after buying an additional 1,753,077 shares during the period. Finally, AQR Capital Management LLC grew its stake in Archer-Daniels-Midland by 73.6% during the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock worth $170,960,000 after buying an additional 1,199,992 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Citigroup reduced their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Finally, 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 note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and a consensus target price of $63.82.

Archer-Daniels-Midland Stock Down 10.8 %

NYSE ADM traded down $6.00 during trading hours on Tuesday, reaching $49.30. 1,941,727 shares of the company traded hands, compared to its average volume of 4,239,327. The company has a 50 day moving average of $58.73 and a two-hundred day moving average of $60.31. The stock has a market capitalization of $23.57 billion, a PE ratio of 11.10 and a beta of 0.73. Archer-Daniels-Midland Company has a 12 month low of $48.92 and a 12 month high of $77.35. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.06%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is currently 40.16%.

Insider Transactions at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is currently owned by corporate insiders.

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.