NewEdge Advisors LLC Sells 345,895 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

NewEdge Advisors LLC decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 77.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,915 shares of the company’s stock after selling 345,895 shares during the quarter. NewEdge Advisors LLC’s holdings in Archer-Daniels-Midland were worth $7,942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP lifted its position in Archer-Daniels-Midland by 25.0% during the first quarter. Wellington Management Group LLP now owns 13,684,109 shares of the company’s stock worth $1,090,076,000 after purchasing an additional 2,733,532 shares during the period. Morgan Stanley lifted its position in Archer-Daniels-Midland by 9.2% during the fourth quarter. Morgan Stanley now owns 6,744,254 shares of the company’s stock worth $626,204,000 after purchasing an additional 570,811 shares during the period. Norges Bank bought a new stake in Archer-Daniels-Midland during the fourth quarter worth about $525,111,000. Moneta Group Investment Advisors LLC bought a new position in shares of Archer-Daniels-Midland in the fourth quarter worth about $369,091,000. Finally, First Trust Advisors LP lifted its holdings in shares of Archer-Daniels-Midland by 12.1% in the fourth quarter. First Trust Advisors LP now owns 3,934,158 shares of the company’s stock worth $365,288,000 after acquiring an additional 423,918 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $79.79 on Friday. The company has a market cap of $42.78 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82. Archer-Daniels-Midland Company has a 52 week low of $69.92 and a 52 week high of $98.28. The company has a quick ratio of 1.00, a current ratio of 1.63 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $81.31 and a 200-day moving average of $78.53.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.59 by $0.30. The company had revenue of $25.19 billion during the quarter, compared to the consensus estimate of $25.82 billion. Archer-Daniels-Midland had a net margin of 4.14% and a return on equity of 17.52%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 EPS. On average, equities analysts forecast that Archer-Daniels-Midland Company will post 7.19 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.80 dividend on an annualized basis and a yield of 2.26%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 24.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Archer-Daniels-Midland in a report on Thursday, August 17th. They issued a “buy” rating for the company. Argus increased their target price on shares of Archer-Daniels-Midland from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. Barclays dropped their target price on shares of Archer-Daniels-Midland from $99.00 to $95.00 in a report on Thursday, June 1st. Roth Mkm initiated coverage on shares of Archer-Daniels-Midland in a report on Thursday, June 22nd. They issued a “buy” rating and a $92.00 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of Archer-Daniels-Midland from $83.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, July 31st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Moderate Buy” and a consensus price target of $97.50.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 1,455 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $86.80, for a total transaction of $126,294.00. Following the completion of the sale, the insider now owns 10,809 shares in the company, valued at approximately $938,221.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by company insiders.

About Archer-Daniels-Midland

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