Wahed Invest LLC Increases Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Wahed Invest LLC raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,579 shares of the company’s stock after purchasing an additional 477 shares during the quarter. Wahed Invest LLC’s holdings in Archer-Daniels-Midland were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Empower Advisory Group LLC boosted its holdings in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock valued at $68,011,000 after purchasing an additional 68,133 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Archer-Daniels-Midland by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after acquiring an additional 489,554 shares in the last quarter. Marathon Asset Management Ltd boosted its stake in shares of Archer-Daniels-Midland by 4.5% during the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after acquiring an additional 13,177 shares in the last quarter. CFS Investment Advisory Services LLC purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $1,526,000. Finally, Bank of Montreal Can boosted its stake in shares of Archer-Daniels-Midland by 8.6% during the 3rd quarter. Bank of Montreal Can now owns 559,660 shares of the company’s stock worth $33,580,000 after acquiring an additional 44,241 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ADM. Barclays decreased their price target on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research note on Wednesday. BMO Capital Markets decreased their price target on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a research note on Wednesday. UBS Group upped 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. Morgan Stanley reduced their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Finally, Citigroup upped their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.08.

Archer-Daniels-Midland Stock Down 1.6 %

Shares of NYSE ADM opened at $51.42 on Friday. 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 cap of $24.61 billion, a P/E ratio of 14.69 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $55.34 and a 200 day moving average price of $59.03.

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 issued a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.89%. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Archer-Daniels-Midland 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.