4,600 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Purchased by West Tower Group LLC

West Tower Group LLC acquired a new position in Archer-Daniels-Midland Company (NYSE:ADM) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 4,600 shares of the company’s stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BOKF NA boosted its holdings in Archer-Daniels-Midland by 7.4% during the first quarter. BOKF NA now owns 8,670 shares of the company’s stock worth $541,000 after buying an additional 598 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Archer-Daniels-Midland by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 734,301 shares of the company’s stock worth $46,123,000 after buying an additional 7,681 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Archer-Daniels-Midland by 3.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 67,577 shares of the company’s stock worth $4,245,000 after buying an additional 2,372 shares during the last quarter. Tidal Investments LLC boosted its holdings in Archer-Daniels-Midland by 45.1% during the first quarter. Tidal Investments LLC now owns 80,313 shares of the company’s stock worth $5,049,000 after buying an additional 24,966 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new position in Archer-Daniels-Midland during the first quarter worth about $1,129,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Morgan Stanley cut their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Finally, UBS Group lifted their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. One research 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, Archer-Daniels-Midland has an average rating of “Hold” and an average target price of $62.83.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland 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 transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland Stock Down 0.2 %

Shares of Archer-Daniels-Midland stock opened at $53.01 on Tuesday. The business’s 50 day simple moving average is $56.45 and its 200 day simple moving average is $59.45. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35. The firm has a market cap of $25.37 billion, a PE ratio of 15.15 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40.

Archer-Daniels-Midland Announces Dividend

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. This represents a $2.00 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

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.