Swiss National Bank Sells 18,000 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Swiss National Bank reduced its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,467,600 shares of the company’s stock after selling 18,000 shares during the period. Swiss National Bank owned approximately 0.31% of Archer-Daniels-Midland worth $87,674,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its position in shares of Archer-Daniels-Midland by 15,790.1% during the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock valued at $459,232,000 after purchasing an additional 7,549,083 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Archer-Daniels-Midland by 141.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock valued at $187,885,000 after purchasing an additional 1,753,077 shares during the period. AQR Capital Management LLC increased its position in shares of Archer-Daniels-Midland by 73.6% during the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock valued at $170,960,000 after purchasing an additional 1,199,992 shares during the period. AustralianSuper Pty Ltd increased its position in shares of Archer-Daniels-Midland by 689.7% during the second quarter. AustralianSuper Pty Ltd now owns 1,008,242 shares of the company’s stock valued at $60,948,000 after purchasing an additional 880,564 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in Archer-Daniels-Midland by 68.3% in the first quarter. Canada Pension Plan Investment Board now owns 1,557,076 shares of the company’s stock valued at $97,800,000 after acquiring an additional 632,100 shares during the period. 78.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ADM. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price target on 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 target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus price target of $62.83.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Trading Down 1.2 %

NYSE ADM opened at $52.71 on Tuesday. The business’s 50-day moving average price is $57.10 and its two-hundred day moving average price is $59.73. Archer-Daniels-Midland Company has a 12 month low of $48.92 and a 12 month high of $77.35. The firm has a market capitalization of $25.20 billion, a PE ratio of 10.58 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 announced 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 of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.79%. Archer-Daniels-Midland’s payout ratio is 40.16%.

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.