Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Archer-Daniels-Midland Company (NYSE:ADM) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,209,029 shares of the company’s stock after selling 423,691 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Archer-Daniels-Midland were worth $131,967,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADM. Cetera Investment Advisers increased its position in shares of Archer-Daniels-Midland by 1,643.5% during the first quarter. Cetera Investment Advisers now owns 197,088 shares of the company’s stock worth $12,379,000 after acquiring an additional 185,784 shares during the period. GAMMA Investing LLC increased its holdings in Archer-Daniels-Midland by 143.4% during the 2nd quarter. GAMMA Investing LLC now owns 9,643 shares of the company’s stock worth $583,000 after purchasing an additional 5,682 shares during the period. Massmutual Trust Co. FSB ADV raised its position in Archer-Daniels-Midland by 14.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,729 shares of the company’s stock valued at $105,000 after purchasing an additional 213 shares in the last quarter. DNB Asset Management AS boosted its stake in shares of Archer-Daniels-Midland by 9.9% in the 2nd quarter. DNB Asset Management AS now owns 104,383 shares of the company’s stock valued at $6,310,000 after buying an additional 9,420 shares during the period. Finally, Quent Capital LLC grew its position in shares of Archer-Daniels-Midland by 8.2% during the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock worth $130,000 after buying an additional 164 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction 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 in the company, valued at $16,047,857.10. This represents a 39.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Up 0.4 %

Archer-Daniels-Midland stock opened at $54.60 on Monday. The company has a market capitalization of $26.13 billion, a P/E ratio of 15.60 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. Archer-Daniels-Midland Company has a fifty-two week low of $48.92 and a fifty-two week high of $77.35. The stock has a 50-day simple moving average of $55.89 and a 200-day simple moving average of $59.24.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ADM shares. UBS Group raised their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report 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 report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.83.

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.