Verity & Verity LLC Has $9.43 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Verity & Verity LLC grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 157,885 shares of the company’s stock after buying an additional 971 shares during the period. Verity & Verity LLC’s holdings in Archer-Daniels-Midland were worth $9,432,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Empower Advisory Group LLC boosted its stake in Archer-Daniels-Midland by 6.4% during the third 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 in the last quarter. Marathon Asset Management Ltd boosted its position in shares of Archer-Daniels-Midland by 4.5% during the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after purchasing an additional 13,177 shares in the last quarter. Heritage Wealth Management Inc. acquired a new stake in shares of Archer-Daniels-Midland in the 2nd quarter valued at about $974,000. Vest Financial LLC increased its position in 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 buying an additional 63,716 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Archer-Daniels-Midland in the third quarter worth approximately $1,081,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The trade was a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 219,348 shares of company stock worth $13,296,833. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley decreased their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. UBS Group upped their price objective 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price of $62.83.

Archer-Daniels-Midland Stock Performance

ADM stock opened at $52.71 on Tuesday. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35. The firm has a market cap of $25.20 billion, a PE ratio of 10.58 and a beta of 0.73. The business has a 50 day moving average of $57.10 and a 200-day moving average of $59.73. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 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.