Physicians Financial Services Inc. Reduces Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Physicians Financial Services Inc. cut its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,647 shares of the company’s stock after selling 200 shares during the period. Physicians Financial Services Inc.’s holdings in Archer-Daniels-Midland were worth $457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADM. Marathon Asset Management Ltd lifted its position in shares of Archer-Daniels-Midland by 4.5% in the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after purchasing an additional 13,177 shares during the period. Heritage Wealth Management Inc. bought a new stake in Archer-Daniels-Midland during the 2nd quarter valued at approximately $974,000. Vest Financial LLC grew its holdings in shares of Archer-Daniels-Midland by 8.9% during the 3rd quarter. Vest Financial LLC now owns 782,428 shares of the company’s stock worth $46,742,000 after acquiring an additional 63,716 shares during the period. nVerses Capital LLC purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $1,081,000. Finally, CWM LLC boosted its position in shares of Archer-Daniels-Midland by 52.2% during the second quarter. CWM LLC now owns 25,151 shares of the company’s stock valued at $1,520,000 after purchasing an additional 8,628 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ADM shares. Citigroup decreased their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. JPMorgan Chase & Co. lifted their price target on shares of 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 upped their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.82.

Archer-Daniels-Midland Stock Down 1.4 %

Shares of ADM stock traded down $0.73 during mid-day trading on Friday, hitting $51.76. The company’s stock had a trading volume of 300,236 shares, compared to its average volume of 4,257,292. The stock has a market cap of $24.75 billion, a price-to-earnings ratio of 10.54 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35. The business has a 50-day moving average price of $58.40 and a 200 day moving average price of $60.19.

Archer-Daniels-Midland Dividend Announcement

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 paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.86%. Archer-Daniels-Midland’s dividend payout ratio is currently 40.16%.

Insider Activity

In other news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other 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 transaction of $10,298,438.94. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 in the last 90 days. 1.20% of the stock is currently owned by 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.