Moody National Bank Trust Division purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 5,228 shares of the company’s stock, valued at approximately $406,000.
Several other hedge funds also recently added to or reduced their stakes in ADM. Capital International Investors purchased a new position in Archer-Daniels-Midland in the first quarter valued at approximately $847,508,000. Norges Bank purchased a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $402,080,000. CFS Investment Advisory Services LLC increased its stake in Archer-Daniels-Midland by 8,828.5% in the first quarter. CFS Investment Advisory Services LLC now owns 3,100,702 shares of the company’s stock valued at $34,000 after purchasing an additional 3,065,974 shares during the last quarter. Capital World Investors increased its stake in Archer-Daniels-Midland by 7.5% in the first quarter. Capital World Investors now owns 43,379,355 shares of the company’s stock valued at $3,915,421,000 after purchasing an additional 3,016,611 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Archer-Daniels-Midland by 6.8% during the first quarter. BlackRock Inc. now owns 41,829,477 shares of the company’s stock worth $3,775,525,000 after acquiring an additional 2,665,942 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Archer-Daniels-Midland
In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 284,531 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 412,842 shares of the company’s stock, valued at $37,651,190.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, SVP Gregory A. Morris sold 117,839 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now owns 231,454 shares in the company, valued at $19,319,465.38. The sale was disclosed in a document filed 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 on Friday, September 9th. The shares were 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 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 quarter, insiders sold 402,470 shares of company stock valued at $35,794,063. 1.20% of the stock is owned by company insiders.
Analyst Ratings Changes
Archer-Daniels-Midland Price Performance
Shares of NYSE ADM opened at $84.77 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.47 and a quick ratio of 0.90. The stock has a fifty day moving average price of $83.07 and a 200 day moving average price of $85.07. Archer-Daniels-Midland Company has a 1-year low of $58.60 and a 1-year high of $98.88. The company has a market cap of $47.52 billion, a PE ratio of 13.35, a P/E/G ratio of 1.78 and a beta of 0.77.
Archer-Daniels-Midland (NYSE:ADM – Get Rating) last issued its quarterly earnings results 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. Archer-Daniels-Midland had a return on equity of 15.98% and a net margin of 3.81%. The firm had revenue of $27.28 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same period last year, the company earned $1.33 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Sell-side analysts forecast that Archer-Daniels-Midland Company will post 6.84 EPS for the current year.
Archer-Daniels-Midland Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 17th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 25.20%.
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.
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