Forum Financial Management LP Sells 689 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Forum Financial Management LP reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 9.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,732 shares of the company’s stock after selling 689 shares during the period. Forum Financial Management LP’s holdings in Archer-Daniels-Midland were worth $402,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Marathon Asset Management Ltd lifted its position in shares of 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 in the last quarter. Heritage Wealth Management Inc. purchased a new stake in Archer-Daniels-Midland during the second quarter worth about $974,000. Vest Financial LLC increased 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 worth $46,742,000 after buying an additional 63,716 shares during the last quarter. nVerses Capital LLC purchased a new stake in Archer-Daniels-Midland during the third quarter worth about $1,081,000. Finally, CWM LLC increased its holdings in Archer-Daniels-Midland by 52.2% during the second quarter. CWM LLC now owns 25,151 shares of the company’s stock worth $1,520,000 after buying an additional 8,628 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADM. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. UBS Group raised 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and an average target price of $63.82.

Archer-Daniels-Midland Trading Up 1.2 %

Shares of Archer-Daniels-Midland stock opened at $55.30 on Tuesday. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $77.35. The firm has a market cap of $26.44 billion, a PE ratio of 11.10 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The company has a 50 day simple moving average of $58.73 and a two-hundred day simple moving average of $60.31.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.62%. Archer-Daniels-Midland’s payout ratio is 40.16%.

Insider Transactions at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is currently owned by insiders.

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.