Huntington National Bank Has $1.54 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Huntington National Bank boosted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,803 shares of the company’s stock after purchasing an additional 222 shares during the quarter. Huntington National Bank’s holdings in Archer-Daniels-Midland were worth $1,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Archer-Daniels-Midland by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock worth $4,260,165,000 after buying an additional 7,320,289 shares during the period. Pacer Advisors Inc. lifted its position in Archer-Daniels-Midland by 15,790.1% during the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after acquiring an additional 7,549,083 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Archer-Daniels-Midland by 141.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock worth $187,885,000 after acquiring an additional 1,753,077 shares during the period. AQR Capital Management LLC grew its position in shares of Archer-Daniels-Midland by 73.6% in the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock valued at $170,960,000 after purchasing an additional 1,199,992 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Archer-Daniels-Midland by 68.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,557,076 shares of the company’s stock worth $97,800,000 after purchasing an additional 632,100 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ADM. UBS Group increased their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Morgan Stanley lowered their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a 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.com, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus target price of $62.83.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were 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 approximately $16,177,810. This trade represents a 14.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 over the last 90 days. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Up 1.6 %

NYSE ADM opened at $53.35 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 business has a fifty day moving average price of $57.36 and a two-hundred day moving average price of $59.81. 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 stock has a market capitalization of $25.51 billion, a PE ratio of 10.71 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The firm 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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.75%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 40.16%.

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.