MQS Management LLC Acquires Shares of 5,904 Archer-Daniels-Midland Company (NYSE:ADM)

MQS Management LLC bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,904 shares of the company’s stock, valued at approximately $353,000.

Other large investors also recently modified their holdings of the company. Empower Advisory Group LLC lifted its holdings 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 buying an additional 68,133 shares during the period. Aigen Investment Management LP purchased a new stake in Archer-Daniels-Midland in the third quarter worth $1,232,000. United Capital Management of KS Inc. purchased a new position in Archer-Daniels-Midland during the 3rd quarter valued at $239,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland in the 3rd quarter worth $26,000. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Archer-Daniels-Midland by 1.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 25,377 shares of the company’s stock valued at $1,516,000 after purchasing an additional 388 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Up 1.2 %

NYSE:ADM opened at $52.51 on Friday. The firm has a 50-day simple moving average of $57.51 and a two-hundred day simple moving average of $59.86. The firm has a market cap of $25.11 billion, a P/E ratio of 10.54 and a beta of 0.73. Archer-Daniels-Midland Company has a fifty-two week low of $48.92 and a fifty-two week high of $77.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

Archer-Daniels-Midland Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on ADM. Morgan Stanley lowered their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. lifted 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, UBS Group increased their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.83.

Insider Buying and Selling at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, 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 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.