Banque Cantonale Vaudoise trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 25.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,971 shares of the company's stock after selling 12,134 shares during the period. Banque Cantonale Vaudoise's holdings in Archer-Daniels-Midland were worth $2,090,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Empower Advisory Group LLC raised its stake in shares of Archer-Daniels-Midland by 6.4% during the third quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company's stock worth $68,011,000 after buying an additional 68,133 shares during the last quarter. Marathon Asset Management Ltd grew its holdings in Archer-Daniels-Midland by 4.5% during the third quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company's stock valued at $18,110,000 after purchasing an additional 13,177 shares during the period. Heritage Wealth Management Inc. acquired a new position in Archer-Daniels-Midland during the second quarter valued at approximately $974,000. Vest Financial LLC grew its holdings in Archer-Daniels-Midland by 8.9% during the third quarter. Vest Financial LLC now owns 782,428 shares of the company's stock valued at $46,742,000 after purchasing an additional 63,716 shares during the period. Finally, nVerses Capital LLC acquired a new position in Archer-Daniels-Midland during the third quarter valued at approximately $1,081,000. 78.28% of the stock is owned by institutional investors.
Shares of ADM stock opened at $53.53 on Thursday. The company's fifty day simple moving average is $56.87 and its 200-day simple moving average is $59.64. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The firm has a market cap of $25.59 billion, a PE ratio of 10.75 and a beta of 0.73. Archer-Daniels-Midland Company has a 12 month low of $48.92 and a 12 month high of $77.35.
The company also recently declared 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 annualized dividend and a yield of 3.74%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 40.16%.
In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the company's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at approximately $16,177,810. This represents a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is currently owned by corporate insiders.
A number of research analysts recently issued reports on ADM shares. Morgan Stanley decreased their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a report on Tuesday, November 12th. UBS Group boosted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of "Hold" and a consensus price target of $62.83.
Read Our Latest Stock Report on ADM
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.
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