Caisse DE Depot ET Placement DU Quebec Acquires 388,433 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Caisse DE Depot ET Placement DU Quebec increased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 178.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,213 shares of the company’s stock after purchasing an additional 388,433 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.13% of Archer-Daniels-Midland worth $36,215,000 at the end of the most recent reporting period.

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

Archer-Daniels-Midland Stock Up 0.4 %

Shares of ADM stock opened at $54.60 on Monday. Archer-Daniels-Midland Company has a one year low of $48.92 and a one year high of $77.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The stock has a fifty day moving average price of $55.89 and a 200 day moving average price of $59.24. The stock has a market cap of $26.13 billion, a P/E ratio of 15.60 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.66%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ADM shares. UBS Group raised their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus price target of $62.83.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

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.