CIBC Asset Management Inc Increases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

CIBC Asset Management Inc grew its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 4.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 83,761 shares of the company’s stock after buying an additional 3,518 shares during the quarter. CIBC Asset Management Inc’s holdings in Archer-Daniels-Midland were worth $5,004,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ADM. TIAA Trust National Association boosted its stake in shares of Archer-Daniels-Midland by 18.1% in the 1st quarter. TIAA Trust National Association now owns 11,466 shares of the company’s stock valued at $720,000 after buying an additional 1,754 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at about $662,000. Ameritas Investment Partners Inc. boosted 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 buying an additional 178 shares during the period. UniSuper Management Pty Ltd boosted its stake in shares of Archer-Daniels-Midland by 381.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 23,588 shares of the company’s stock valued at $1,482,000 after buying an additional 18,687 shares during the period. Finally, Delta Asset Management LLC TN lifted its stake in Archer-Daniels-Midland by 5.7% during the first quarter. Delta Asset Management LLC TN now owns 5,082 shares of the company’s stock worth $319,000 after purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

ADM has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, UBS Group boosted their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.83.

Archer-Daniels-Midland Trading Up 1.6 %

NYSE:ADM opened at $53.35 on Monday. The firm has a market cap of $25.51 billion, a P/E ratio of 10.71 and a beta of 0.73. 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 stock’s 50 day simple moving average is $57.24 and its 200-day simple moving average is $59.78. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35.

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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is currently 40.16%.

Insider Activity

In other news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 219,348 shares of company stock valued at $13,296,833. Company 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.