Royal London Asset Management Ltd. Sells 2,609 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Royal London Asset Management Ltd. decreased its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,712 shares of the company’s stock after selling 2,609 shares during the period. Royal London Asset Management Ltd. owned about 0.06% of Archer-Daniels-Midland worth $17,307,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC lifted its stake in shares of Archer-Daniels-Midland by 249.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 70,845 shares of the company’s stock valued at $4,232,000 after acquiring an additional 50,544 shares during the last quarter. Investment Management Corp of Ontario increased its holdings in Archer-Daniels-Midland by 48.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 16,457 shares of the company’s stock worth $983,000 after purchasing an additional 5,400 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Archer-Daniels-Midland by 0.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 3,485,006 shares of the company’s stock valued at $208,194,000 after purchasing an additional 26,291 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Archer-Daniels-Midland by 33.6% during the third quarter. Janus Henderson Group PLC now owns 185,101 shares of the company’s stock valued at $11,048,000 after purchasing an additional 46,511 shares in the last quarter. Finally, Community Bank N.A. increased its stake in shares of Archer-Daniels-Midland by 3.7% in the third quarter. Community Bank N.A. now owns 25,125 shares of the company’s stock valued at $1,501,000 after buying an additional 887 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

ADM stock opened at $51.42 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The business has a 50-day simple moving average of $55.34 and a two-hundred day simple moving average of $59.03. The company has a market capitalization of $24.61 billion, a P/E ratio of 14.69 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.89%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 57.14%.

Analysts Set New Price Targets

Several research firms recently commented on ADM. Citigroup lifted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday. BMO Capital Markets reduced their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a research note on Wednesday. Barclays lowered their target price on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a research report on Wednesday. Morgan Stanley reduced 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. Finally, UBS Group raised their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.08.

Archer-Daniels-Midland 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.