Advisory Services Network LLC Has $2.31 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Advisory Services Network LLC grew its stake in shares of Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 33.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,642 shares of the company’s stock after purchasing an additional 6,473 shares during the quarter. Advisory Services Network LLC’s holdings in Archer-Daniels-Midland were worth $2,314,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter worth approximately $181,000. Stonnington Group LLC grew its holdings in Archer-Daniels-Midland by 37.4% in the 1st quarter. Stonnington Group LLC now owns 52,610 shares of the company’s stock valued at $4,975,000 after buying an additional 14,310 shares in the last quarter. US Bancorp DE grew its holdings in Archer-Daniels-Midland by 2.5% in the 1st quarter. US Bancorp DE now owns 155,609 shares of the company’s stock valued at $14,045,000 after buying an additional 3,765 shares in the last quarter. AIA Group Ltd grew its holdings in Archer-Daniels-Midland by 49.7% in the 1st quarter. AIA Group Ltd now owns 6,315 shares of the company’s stock valued at $570,000 after buying an additional 2,097 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in Archer-Daniels-Midland by 24.3% in the 1st quarter. Arkadios Wealth Advisors now owns 3,954 shares of the company’s stock valued at $357,000 after buying an additional 773 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 284,531 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $91.20, for a total value of $25,949,227.20. Following the completion of the transaction, the chief executive officer now directly owns 412,842 shares in the company, valued at $37,651,190.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Gregory A. Morris sold 117,839 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $83.47, for a total value of $9,836,021.33. Following the completion of the sale, the senior vice president now owns 231,454 shares of the company’s stock, valued at $19,319,465.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Juan R. Luciano sold 284,531 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $91.20, for a total value of $25,949,227.20. Following the sale, the chief executive officer now directly owns 412,842 shares of the company’s stock, valued at approximately $37,651,190.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 402,470 shares of company stock worth $35,794,063. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on ADM shares. Seaport Res Ptn reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 27th. StockNews.com upgraded Archer-Daniels-Midland from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Wolfe Research initiated coverage on Archer-Daniels-Midland in a research report on Friday, August 12th. They set an “outperform” rating and a $117.00 target price for the company. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.42.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $84.77 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.47 and a debt-to-equity ratio of 0.33. Archer-Daniels-Midland Company has a twelve month low of $58.60 and a twelve month high of $98.88. The company has a market cap of $47.52 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.79 and a beta of 0.77. The business has a fifty day simple moving average of $83.07 and a 200 day simple moving average of $85.02.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.43. The business had revenue of $27.28 billion during the quarter, compared to the consensus estimate of $24.87 billion. Archer-Daniels-Midland had a return on equity of 15.98% and a net margin of 3.81%. Archer-Daniels-Midland’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 EPS. On average, sell-side analysts forecast that Archer-Daniels-Midland Company will post 6.84 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 17th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.89%. Archer-Daniels-Midland’s dividend payout ratio is presently 25.20%.

Archer-Daniels-Midland Company Profile

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Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

See Also

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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