Victory Capital Management Inc. Sells 6,364 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Victory Capital Management Inc. lessened its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 931,271 shares of the company’s stock after selling 6,364 shares during the period. Victory Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $55,634,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ADM. UBS Group upped 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. 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 report on Tuesday. Finally, JPMorgan Chase & Co. lifted 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 investment analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus target price of $62.83.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the sale, the chief executive officer now directly 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 filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 219,348 shares of company stock worth $13,296,833. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $52.51 on Friday. The stock has a 50 day moving average of $57.51 and a 200 day moving average of $59.86. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 12 month low of $48.92 and a 12 month high of $77.35. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 10.54 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.81%. Archer-Daniels-Midland’s payout ratio is currently 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.