Vectors Research Management LLC Purchases 553 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Vectors Research Management LLC increased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,969 shares of the company’s stock after purchasing an additional 553 shares during the period. Vectors Research Management LLC’s holdings in Archer-Daniels-Midland were worth $1,072,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in shares of Archer-Daniels-Midland in the 2nd quarter worth approximately $27,000. Altshuler Shaham Ltd acquired a new stake in Archer-Daniels-Midland in the 2nd quarter valued at $28,000. Finally, Crewe Advisors LLC bought a new stake in Archer-Daniels-Midland in the first quarter valued at $30,000. 78.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group upped their target price 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. JPMorgan Chase & Co. upped their price objective on shares of 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, Morgan Stanley reduced their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to MarketBeat, the company 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 the company’s stock in a transaction that occurred 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 owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This represents a 39.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland Trading Up 1.2 %

ADM opened at $52.51 on Friday. Archer-Daniels-Midland Company has a fifty-two week low of $48.92 and a fifty-two week high of $77.35. The company has a market cap of $25.11 billion, a price-to-earnings ratio of 10.54 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $57.51 and a 200 day simple moving average of $59.86.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.81%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 40.16%.

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.