KBC Group NV Decreases Position in Archer-Daniels-Midland Company (NYSE:ADM)

KBC Group NV decreased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 52.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 590,814 shares of the company’s stock after selling 663,348 shares during the period. KBC Group NV owned about 0.12% of Archer-Daniels-Midland worth $35,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new stake in Archer-Daniels-Midland during the third quarter valued at about $26,000. Riverview Trust Co bought a new position in Archer-Daniels-Midland during the second quarter worth about $27,000. Altshuler Shaham Ltd purchased a new position in shares of Archer-Daniels-Midland in the second quarter worth about $28,000. Finally, Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the first quarter valued at approximately $30,000. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley reduced 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 research note 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 raised 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 research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.83.

Archer-Daniels-Midland Trading Up 1.2 %

NYSE ADM opened at $52.51 on Friday. The stock’s 50-day simple moving average is $57.51 and its two-hundred day simple moving average is $59.86. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 10.54 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 3.81%. Archer-Daniels-Midland’s payout ratio is 40.16%.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The trade was a 39.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 219,348 shares of company stock worth $13,296,833 in the last quarter. 1.20% of the stock is owned by insiders.

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.