Mizuho Markets Americas LLC Purchases 2,014 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Mizuho Markets Americas LLC boosted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,565 shares of the company’s stock after buying an additional 2,014 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Archer-Daniels-Midland were worth $6,127,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in Archer-Daniels-Midland in the third quarter worth $26,000. Riverview Trust Co bought a new position in Archer-Daniels-Midland during the second quarter valued at approximately $27,000. Altshuler Shaham Ltd purchased a new position in Archer-Daniels-Midland in the 2nd quarter worth $28,000. Finally, Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

NYSE:ADM opened at $53.35 on Friday. The business’s 50-day simple moving average is $57.24 and its two-hundred day simple moving average is $59.76. Archer-Daniels-Midland Company has a 52 week low of $48.92 and a 52 week high of $77.35. The stock has a market cap of $25.51 billion, a PE ratio of 10.71 and a beta of 0.73. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.75%. Archer-Daniels-Midland’s dividend payout ratio is presently 40.16%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group boosted their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. boosted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley lowered 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 report on Tuesday. One analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company’s 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.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. The trade was a 39.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 219,348 shares of company stock worth $13,296,833 in the last three months. 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.