Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 16.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,209,029 shares of the company’s stock after selling 423,691 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.46% of Archer-Daniels-Midland worth $131,967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Glenmede Trust Co. NA grew its stake in shares of Archer-Daniels-Midland by 47.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 23,578 shares of the company’s stock worth $1,409,000 after purchasing an additional 7,558 shares during the period. Townsquare Capital LLC grew its position in Archer-Daniels-Midland by 24.4% during the third quarter. Townsquare Capital LLC now owns 10,212 shares of the company’s stock valued at $610,000 after buying an additional 2,005 shares during the period. Transamerica Financial Advisors Inc. purchased a new position in Archer-Daniels-Midland in the third quarter valued at $141,000. D.A. Davidson & CO. raised its position in shares of Archer-Daniels-Midland by 6.7% in the third quarter. D.A. Davidson & CO. now owns 37,798 shares of the company’s stock worth $2,258,000 after acquiring an additional 2,380 shares during the period. Finally, FMR LLC boosted its stake in shares of Archer-Daniels-Midland by 33.9% during the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after acquiring an additional 1,007,494 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

ADM opened at $54.60 on Monday. The firm has a market capitalization of $26.13 billion, a PE ratio of 15.60 and a beta of 0.73. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35. The firm’s 50-day moving average price is $55.89 and its 200 day moving average price is $59.24.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.66%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Insider Activity at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This represents a 39.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of a number of analyst reports. 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 report on Monday, September 9th. Morgan Stanley dropped their price target on shares of 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. One analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and an average price target of $62.83.

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.