Swedbank AB Sells 2,123 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Swedbank AB reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 364,963 shares of the company’s stock after selling 2,123 shares during the quarter. Swedbank AB’s holdings in Archer-Daniels-Midland were worth $21,803,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland during the third quarter worth $26,000. Riverview Trust Co acquired a new position in shares of Archer-Daniels-Midland in the second quarter valued at about $27,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland during the second quarter worth about $28,000. Finally, Peterson Financial Group Inc. acquired a new stake in Archer-Daniels-Midland in the 3rd quarter worth about $28,000. Institutional investors own 78.28% of the company’s stock.

Insider Activity at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 14.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 219,348 shares of company stock valued at $13,296,833 in the last quarter. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock opened at $53.01 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock has a market cap of $25.37 billion, a PE ratio of 15.15 and a beta of 0.73. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35. The business’s 50-day moving average price is $56.45 and its two-hundred day moving average price is $59.45.

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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is 57.14%.

Analyst Ratings Changes

ADM has been the topic of several recent research reports. Morgan Stanley lowered their target price on shares of 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. JPMorgan Chase & Co. increased their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. 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 given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.83.

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.