Transamerica Financial Advisors Inc. Invests $141,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Transamerica Financial Advisors Inc. purchased a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 2,346 shares of the company’s stock, valued at approximately $141,000.

Several other institutional investors have also modified their holdings of ADM. Pacer Advisors Inc. raised its position in shares of Archer-Daniels-Midland by 15,790.1% during the 2nd quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after purchasing an additional 7,549,083 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Archer-Daniels-Midland by 73.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock worth $170,960,000 after purchasing an additional 1,199,992 shares during the last quarter. FMR LLC raised its position in shares of Archer-Daniels-Midland by 33.9% during the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after purchasing an additional 1,007,494 shares during the last quarter. AustralianSuper Pty Ltd raised its position in shares of Archer-Daniels-Midland by 689.7% during the 2nd quarter. AustralianSuper Pty Ltd now owns 1,008,242 shares of the company’s stock worth $60,948,000 after purchasing an additional 880,564 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter worth approximately $23,106,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 1.1 %

Shares of NYSE ADM opened at $54.33 on Thursday. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35. The firm has a fifty day moving average of $56.19 and a 200-day moving average of $59.35. The stock has a market capitalization of $26.00 billion, a PE ratio of 15.52 and a beta of 0.73. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland Dividend Announcement

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. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.68%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 57.14%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Morgan Stanley cut their price target on 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, UBS Group boosted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.83.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction 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 directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This represents a 39.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by corporate 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.