Freedom Investment Management Inc. Has $848,000 Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Freedom Investment Management Inc. reduced its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,196 shares of the company’s stock after selling 1,248 shares during the quarter. Freedom Investment Management Inc.’s holdings in Archer-Daniels-Midland were worth $848,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Harbor Capital Advisors Inc. bought a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Archer-Daniels-Midland during the third quarter valued at about $26,000. Riverview Trust Co bought a new stake in shares of Archer-Daniels-Midland in the second quarter valued at about $27,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland during the second quarter valued at about $28,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Archer-Daniels-Midland in the third quarter valued at $28,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock opened at $54.37 on Friday. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35. The stock has a 50-day simple moving average of $56.03 and a 200 day simple moving average of $59.32. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 15.53 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given 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 dividend yield of 3.68%. Archer-Daniels-Midland’s payout ratio is 57.14%.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value 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 trade represents a 39.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. UBS Group raised their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Morgan Stanley decreased their price target on 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 equities research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus target price of $62.83.

Archer-Daniels-Midland 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.