RIA Advisory Group LLC Makes New $281,000 Investment in Archer-Daniels-Midland Company (NYSE:ADM)

RIA Advisory Group LLC purchased a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,706 shares of the company’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADM. Quent Capital LLC grew its stake in Archer-Daniels-Midland by 8.2% in the 2nd quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after acquiring an additional 164 shares during the period. Focused Wealth Management Inc increased its holdings in Archer-Daniels-Midland by 3.3% during the 2nd quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock worth $323,000 after purchasing an additional 169 shares during the period. Accordant Advisory Group Inc grew its stake in shares of Archer-Daniels-Midland by 0.8% during the second quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock worth $1,418,000 after purchasing an additional 176 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Archer-Daniels-Midland by 0.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock worth $1,577,000 after buying an additional 178 shares during the last quarter. Finally, Legacy Capital Group California Inc. increased its position in Archer-Daniels-Midland by 1.2% during the second quarter. Legacy Capital Group California Inc. now owns 15,327 shares of the company’s stock worth $927,000 after buying an additional 181 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 219,348 shares of company stock worth $13,296,833 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ADM. JPMorgan Chase & Co. raised their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Morgan Stanley cut 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. Finally, UBS Group lifted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.83.

Archer-Daniels-Midland Price Performance

ADM stock traded up $0.84 during trading hours on Friday, hitting $53.35. 3,556,664 shares of the stock traded hands, compared to its average volume of 4,242,831. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a market cap of $25.51 billion, a P/E ratio of 10.71 and a beta of 0.73. Archer-Daniels-Midland Company has a one year low of $48.92 and a one year high of $77.35. The stock has a 50-day simple moving average of $57.24 and a 200 day simple moving average of $59.76.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 3.75%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is 40.16%.

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.