Daiwa Securities Group Inc. Has $4.01 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Daiwa Securities Group Inc. boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,105 shares of the company’s stock after buying an additional 3,030 shares during the period. Daiwa Securities Group Inc.’s holdings in Archer-Daniels-Midland were worth $4,009,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Archer-Daniels-Midland by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 734,301 shares of the company’s stock valued at $46,123,000 after acquiring an additional 7,681 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Archer-Daniels-Midland by 45.1% during the 1st quarter. Tidal Investments LLC now owns 80,313 shares of the company’s stock worth $5,049,000 after buying an additional 24,966 shares in the last quarter. Beacon Capital Management LLC bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter worth $102,000. Jaffetilchin Investment Partners LLC boosted its stake in Archer-Daniels-Midland by 6.4% in the first quarter. Jaffetilchin Investment Partners LLC now owns 6,052 shares of the company’s stock valued at $380,000 after buying an additional 366 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its position in Archer-Daniels-Midland by 4.6% in the first quarter. iA Global Asset Management Inc. now owns 26,377 shares of the company’s stock valued at $1,657,000 after acquiring an additional 1,154 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Up 1.3 %

Shares of NYSE ADM opened at $53.72 on Wednesday. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35. 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 company’s 50 day moving average price is $56.31 and its 200-day moving average price is $59.38. The company has a market capitalization of $25.71 billion, a P/E ratio of 15.35 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. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.72%. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of research analyst reports. UBS Group raised their price target on shares of 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 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. Finally, JPMorgan Chase & Co. increased their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target 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 $16,047,857.10. This trade represents a 39.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

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.