Daiwa Securities Group Inc. Has $4.01 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Daiwa Securities Group Inc. grew its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,105 shares of the company’s stock after acquiring an additional 3,030 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Archer-Daniels-Midland were worth $4,009,000 at the end of the most recent reporting period.

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

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $53.72 on Wednesday. The stock has a 50 day simple moving average of $56.31 and a 200 day simple moving average of $59.38. The stock has a market cap of $25.71 billion, a P/E ratio of 15.35 and a beta of 0.73. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $77.35. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34.

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 $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.72%. Archer-Daniels-Midland’s payout ratio is presently 57.14%.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of analyst reports. Morgan Stanley dropped their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, UBS Group boosted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to MarketBeat.com, the stock currently 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 stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 39.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

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.