Empower Advisory Group LLC Acquires Shares of 714,000 Archer-Daniels-Midland Company (NYSE:ADM)

Empower Advisory Group LLC bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 714,000 shares of the company’s stock, valued at approximately $57,420,000. Empower Advisory Group LLC owned 0.13% of Archer-Daniels-Midland at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Daiwa Securities Group Inc. lifted its holdings in shares of Archer-Daniels-Midland by 4.7% during the first quarter. Daiwa Securities Group Inc. now owns 43,470 shares of the company’s stock valued at $3,463,000 after purchasing an additional 1,940 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Archer-Daniels-Midland by 0.4% in the first quarter. Toronto Dominion Bank now owns 276,660 shares of the company’s stock worth $22,027,000 after acquiring an additional 1,138 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Archer-Daniels-Midland during the first quarter valued at $574,000. Transform Wealth LLC raised its position in shares of Archer-Daniels-Midland by 21.3% in the 1st quarter. Transform Wealth LLC now owns 204,456 shares of the company’s stock worth $16,287,000 after purchasing an additional 35,944 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Archer-Daniels-Midland by 24.1% in the 4th quarter. Quadrant Capital Group LLC now owns 4,345 shares of the company’s stock worth $403,000 after purchasing an additional 844 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors.

Insider Activity at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 1,455 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $86.80, for a total value of $126,294.00. Following the sale, the insider now directly owns 10,809 shares in the company, valued at approximately $938,221.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Archer-Daniels-Midland from $83.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, July 31st. Barclays lowered their price objective on Archer-Daniels-Midland from $99.00 to $95.00 in a research report on Thursday, June 1st. Roth Mkm initiated coverage on Archer-Daniels-Midland in a research note on Thursday, June 22nd. They issued a “buy” rating and a $92.00 price target for the company. StockNews.com initiated coverage on Archer-Daniels-Midland in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Argus boosted their target price on Archer-Daniels-Midland from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded down $0.13 during mid-day trading on Wednesday, hitting $79.57. The company had a trading volume of 564,351 shares, compared to its average volume of 2,955,852. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.63 and a quick ratio of 1.00. The stock’s 50 day moving average price is $81.84 and its 200-day moving average price is $78.35. Archer-Daniels-Midland Company has a 52-week low of $69.92 and a 52-week high of $98.28. The company has a market capitalization of $42.66 billion, a P/E ratio of 10.64, a P/E/G ratio of 1.71 and a beta of 0.83.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.30. Archer-Daniels-Midland had a return on equity of 17.52% and a net margin of 4.14%. The firm had revenue of $25.19 billion during the quarter, compared to analyst estimates of $25.82 billion. During the same quarter last year, the business posted $2.15 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities research 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 was paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio is presently 24.03%.

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.