Peterson Financial Group Inc. Buys New Shares in Archer-Daniels-Midland Company (NYSE:ADM)

Peterson Financial Group Inc. purchased a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the third quarter, HoldingsChannel reports. The fund purchased 466 shares of the company’s stock, valued at approximately $28,000.

Several other large investors have also added to or reduced their stakes in ADM. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Archer-Daniels-Midland during the third quarter valued at $26,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland during the 2nd quarter worth about $27,000. Altshuler Shaham Ltd acquired a new position in shares of Archer-Daniels-Midland in the 2nd quarter valued at about $28,000. Finally, Crewe Advisors LLC purchased a new position in Archer-Daniels-Midland during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $53.35 on Friday. 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 Company has a 1-year low of $48.92 and a 1-year high of $77.35. The company has a market cap of $25.51 billion, a PE ratio of 10.71 and a beta of 0.73. The stock’s 50 day simple moving average is $57.24 and its 200-day simple moving average is $59.77.

Archer-Daniels-Midland Dividend Announcement

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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 40.16%.

Wall Street Analysts Forecast Growth

ADM has been the topic of several recent research reports. Morgan Stanley lowered 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 report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price objective 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. Finally, UBS Group raised their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating and fourteen have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.83.

Insider Transactions at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This trade represents a 39.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 219,348 shares of company stock valued at $13,296,833. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Company 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.