Prime Capital Investment Advisors LLC Sells 511 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Prime Capital Investment Advisors LLC reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,409 shares of the company’s stock after selling 511 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Archer-Daniels-Midland were worth $263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of Archer-Daniels-Midland by 15,790.1% in the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock valued at $459,232,000 after purchasing an additional 7,549,083 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Archer-Daniels-Midland by 141.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock valued at $187,885,000 after acquiring an additional 1,753,077 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Archer-Daniels-Midland by 73.6% in the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock valued at $170,960,000 after acquiring an additional 1,199,992 shares in the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Archer-Daniels-Midland by 689.7% in the second quarter. AustralianSuper Pty Ltd now owns 1,008,242 shares of the company’s stock valued at $60,948,000 after acquiring an additional 880,564 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Archer-Daniels-Midland by 68.3% in the first quarter. Canada Pension Plan Investment Board now owns 1,557,076 shares of the company’s stock valued at $97,800,000 after acquiring an additional 632,100 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ADM shares. UBS Group increased 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. Morgan Stanley reduced their price objective on shares of 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. Finally, JPMorgan Chase & Co. increased 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 note on Wednesday, July 31st. 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.com, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus price target of $62.83.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This trade represents a 39.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $53.35 on Monday. The company has a market capitalization of $25.51 billion, a PE ratio of 10.71 and a beta of 0.73. The company has a 50 day simple moving average of $57.24 and a two-hundred day simple moving average of $59.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. Archer-Daniels-Midland Company has a fifty-two week low of $48.92 and a fifty-two week high of $77.35.

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

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.