Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Lessened by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 10.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 33,310 shares of the company’s stock after selling 3,949 shares during the quarter. Kentucky Retirement Systems’ holdings in Archer-Daniels-Midland were worth $1,990,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group raised their price objective on shares of 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 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 research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.83.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $53.35 on Monday. The company has a fifty day moving average price of $57.24 and a 200 day moving average price of $59.78. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $77.35. The firm has a market cap of $25.51 billion, a PE ratio of 10.71 and a beta of 0.73. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 40.16%.

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 219,348 shares of company stock worth $13,296,833 over the last three months. Insiders own 1.20% of the company’s stock.

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.