Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 28.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,675 shares of the company’s stock after selling 7,907 shares during the period. Thrivent Financial for Lutherans’ holdings in Archer-Daniels-Midland were worth $1,175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new position in Archer-Daniels-Midland in the third quarter valued at approximately $26,000. Riverview Trust Co purchased a new stake in shares of 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 valued at $28,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at $28,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. This represents a 39.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ADM shares. Morgan Stanley reduced their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. UBS Group boosted 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. 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 MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $62.83.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $54.60 on Monday. The business has a 50 day simple moving average of $55.89 and a 200-day simple moving average of $59.24. Archer-Daniels-Midland Company has a 12 month low of $48.92 and a 12 month high of $77.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The stock has a market capitalization of $26.13 billion, a PE ratio of 15.60 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 57.14%.

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.