Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 19.1% in the third quarter, HoldingsChannel reports. The fund owned 34,925 shares of the company’s stock after purchasing an additional 5,607 shares during the period. Quantinno Capital Management LP’s holdings in Archer-Daniels-Midland were worth $2,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wedmont Private Capital grew its position in Archer-Daniels-Midland by 24.4% during the second quarter. Wedmont Private Capital now owns 4,422 shares of the company’s stock valued at $284,000 after buying an additional 867 shares during the period. Diversified Trust Co increased its stake in shares of Archer-Daniels-Midland by 5.8% in the 2nd quarter. Diversified Trust Co now owns 6,639 shares of the company’s stock valued at $401,000 after purchasing an additional 364 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Archer-Daniels-Midland by 14.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 42,736 shares of the company’s stock worth $2,583,000 after purchasing an additional 5,250 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Archer-Daniels-Midland by 10.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,646 shares of the company’s stock valued at $4,452,000 after buying an additional 6,823 shares in the last quarter. Finally, Welch Group LLC lifted its position in shares of Archer-Daniels-Midland by 16.1% during the 2nd quarter. Welch Group LLC now owns 4,229 shares of the company’s stock valued at $256,000 after buying an additional 585 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 0.2 %

NYSE ADM opened at $52.09 on Wednesday. Archer-Daniels-Midland Company has a 12 month low of $48.92 and a 12 month high of $77.35. The stock has a market capitalization of $24.92 billion, a P/E ratio of 14.88 and a beta of 0.72. The firm’s 50-day moving average is $55.01 and its two-hundred day moving average is $58.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.84%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ADM. Citigroup increased their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Barclays lowered their price objective on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a report on Wednesday, December 4th. UBS Group increased their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. BMO Capital Markets dropped their price target on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. Finally, Morgan Stanley decreased their target price 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 research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.08.

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.