Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,086,446 shares of the company’s stock after buying an additional 489,554 shares during the period. Archer-Daniels-Midland makes up about 1.0% of Pacer Advisors Inc.’s holdings, making the stock its 17th biggest holding. Pacer Advisors Inc. owned 1.69% of Archer-Daniels-Midland worth $483,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its position in Archer-Daniels-Midland by 8.2% during the 2nd quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after purchasing an additional 164 shares during the period. Focused Wealth Management Inc boosted its position in shares of Archer-Daniels-Midland by 3.3% during the second quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock worth $323,000 after buying an additional 169 shares during the period. Accordant Advisory Group Inc grew its holdings in Archer-Daniels-Midland by 0.8% in the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock worth $1,418,000 after buying an additional 176 shares in the last quarter. Legacy Capital Group California Inc. increased its position in Archer-Daniels-Midland by 1.2% in the 2nd quarter. Legacy Capital Group California Inc. now owns 15,327 shares of the company’s stock valued at $927,000 after acquiring an additional 181 shares during the period. Finally, Lake Street Advisors Group LLC raised its stake in Archer-Daniels-Midland by 4.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock valued at $240,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 1.0 %

Shares of ADM opened at $53.53 on Thursday. The stock’s 50-day moving average price is $56.87 and its 200 day moving average price is $59.64. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. 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 $25.61 billion, a price-to-earnings ratio of 15.29 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.74%. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Analyst Ratings Changes

ADM has been the subject of a number of research reports. UBS Group increased their price target 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 cut their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their price objective 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 investment analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $62.83.

Insider Transactions at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This trade represents a 39.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by insiders.

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.