Segall Bryant & Hamill LLC Purchases Shares of 11,700 Archer-Daniels-Midland Company (NYSE:ADM)

Segall Bryant & Hamill LLC bought a new stake in Archer-Daniels-Midland Company (NYSE:ADM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,700 shares of the company’s stock, valued at approximately $699,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at $1,594,000. Verity & Verity LLC increased its holdings in shares of Archer-Daniels-Midland by 0.6% during the third quarter. Verity & Verity LLC now owns 157,885 shares of the company’s stock valued at $9,432,000 after acquiring an additional 971 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth $28,000. RIA Advisory Group LLC bought a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth $281,000. Finally, Mizuho Markets Americas LLC lifted its holdings in shares of Archer-Daniels-Midland by 2.0% in the 3rd quarter. Mizuho Markets Americas LLC now owns 102,565 shares of the company’s stock worth $6,127,000 after purchasing an additional 2,014 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.1 %

NYSE ADM opened at $53.13 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $56.60 and its 200 day moving average is $59.52. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35. The firm has a market capitalization of $25.42 billion, a PE ratio of 15.18 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The business 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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.76%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 57.14%.

Wall Street Analysts Forecast Growth

ADM has been the subject of a number of analyst reports. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. JPMorgan Chase & Co. raised their target price on 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, UBS Group lifted their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and an average target price of $62.83.

Insider Activity

In related news, 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 transaction of $224,663.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 over the last ninety days. 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.