Empower Advisory Group LLC Acquires 68,133 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Empower Advisory Group LLC grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,138,455 shares of the company’s stock after purchasing an additional 68,133 shares during the period. Empower Advisory Group LLC’s holdings in Archer-Daniels-Midland were worth $68,011,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ADM. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $26,000. Riverview Trust Co bought a new position in Archer-Daniels-Midland during the 2nd quarter worth approximately $27,000. Altshuler Shaham Ltd acquired a new position in shares of Archer-Daniels-Midland in the 2nd quarter worth approximately $28,000. Finally, Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley cut 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 report on Tuesday. JPMorgan Chase & Co. lifted their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, UBS Group raised their price objective on shares of 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 equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.83.

Insider Buying and Selling

In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is owned by company insiders.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $51.44 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The company has a fifty day moving average price of $57.89 and a 200-day moving average price of $59.98. Archer-Daniels-Midland Company has a 1 year low of $48.92 and a 1 year high of $77.35. The firm has a market cap of $24.60 billion, a price-to-earnings ratio of 10.33 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 40.16%.

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.