Aigen Investment Management LP Takes $1.23 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

13 Nov 2024, 07:36 by Doug Wharley · The Cerbat Gem

Aigen Investment Management LP bought a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 20,621 shares of the company’s stock, valued at approximately $1,232,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Marathon Asset Management Ltd lifted its holdings in shares of Archer-Daniels-Midland by 4.5% during the third quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock valued at $18,110,000 after acquiring an additional 13,177 shares during the period. Heritage Wealth Management Inc. bought a new position in Archer-Daniels-Midland in the second quarter valued at about $974,000. Vest Financial LLC raised its stake in shares of Archer-Daniels-Midland by 8.9% during the third quarter. Vest Financial LLC now owns 782,428 shares of the company’s stock worth $46,742,000 after buying an additional 63,716 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at $1,081,000. Finally, CWM LLC increased its holdings in Archer-Daniels-Midland by 52.2% in the second quarter. CWM LLC now owns 25,151 shares of the company’s stock valued at $1,520,000 after purchasing an additional 8,628 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 1.8 %

NYSE ADM opened at $51.44 on Wednesday. The company has a 50 day moving average of $57.89 and a 200-day moving average of $59.98. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $77.35. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company 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 Dividend Announcement

The company also recently disclosed 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 of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.89%. Archer-Daniels-Midland’s dividend payout ratio is 40.16%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ADM shares. UBS Group increased their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Morgan Stanley reduced their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One research 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, the stock has an average rating of “Hold” and an average price target of $62.83.

View Our Latest Research Report on ADM

Insider Buying and Selling at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Profile

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