Independent Advisor Alliance Grows Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Independent Advisor Alliance grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 20.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,746 shares of the company’s stock after purchasing an additional 5,479 shares during the period. Independent Advisor Alliance’s holdings in Archer-Daniels-Midland were worth $1,956,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ADM. Price T Rowe Associates Inc. MD lifted its stake in shares of Archer-Daniels-Midland by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 734,301 shares of the company’s stock worth $46,123,000 after buying an additional 7,681 shares during the period. Tidal Investments LLC lifted its position in Archer-Daniels-Midland by 45.1% during the 1st quarter. Tidal Investments LLC now owns 80,313 shares of the company’s stock worth $5,049,000 after acquiring an additional 24,966 shares during the period. Beacon Capital Management LLC purchased a new stake in Archer-Daniels-Midland during the 1st quarter valued at about $102,000. Jaffetilchin Investment Partners LLC increased its holdings in shares of Archer-Daniels-Midland by 6.4% in the first quarter. Jaffetilchin Investment Partners LLC now owns 6,052 shares of the company’s stock valued at $380,000 after purchasing an additional 366 shares during the period. Finally, iA Global Asset Management Inc. lifted its holdings in shares of Archer-Daniels-Midland by 4.6% during the first quarter. iA Global Asset Management Inc. now owns 26,377 shares of the company’s stock worth $1,657,000 after purchasing an additional 1,154 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ADM shares. JPMorgan Chase & Co. raised their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. UBS Group raised 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. Finally, 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 report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.83.

Insider Activity

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the firm’s 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 transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 14.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

ADM opened at $53.72 on Wednesday. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35. 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 firm’s fifty day simple moving average is $56.31 and its two-hundred day simple moving average is $59.38. The company has a market cap of $25.71 billion, a price-to-earnings ratio of 15.35 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued 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 3.72%. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

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.