Empower Advisory Group LLC Has $68.01 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Empower Advisory Group LLC raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 6.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,138,455 shares of the company’s stock after buying an additional 68,133 shares during the period. Empower Advisory Group LLC owned about 0.24% of Archer-Daniels-Midland worth $68,011,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADM. Aigen Investment Management LP acquired a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $1,232,000. United Capital Management of KS Inc. acquired a new stake in Archer-Daniels-Midland during the 3rd quarter worth $239,000. Ashton Thomas Securities LLC bought a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth $26,000. Crossmark Global Holdings Inc. increased its holdings in Archer-Daniels-Midland by 1.6% in the third quarter. Crossmark Global Holdings Inc. now owns 25,377 shares of the company’s stock valued at $1,516,000 after purchasing an additional 388 shares during the last quarter. Finally, Sigma Planning Corp lifted its stake in Archer-Daniels-Midland by 4.8% in the third quarter. Sigma Planning Corp now owns 23,055 shares of the company’s stock valued at $1,377,000 after buying an additional 1,050 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADM. UBS Group increased their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research 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 company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley cut their price objective 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 analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.83.

Archer-Daniels-Midland Trading Down 1.8 %

ADM stock opened at $51.44 on Wednesday. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 10.33 and a beta of 0.73. The company has a fifty day moving average price of $57.89 and a two-hundred day moving average price of $59.98. Archer-Daniels-Midland Company has a one year low of $48.92 and a one year high of $77.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.89%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 40.16%.

Insider Activity

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by company 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.