Good Life Advisors LLC Buys 4,703 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Good Life Advisors LLC grew its position in Archer-Daniels-Midland Company (NYSE:ADM) by 25.0% in the second quarter, Holdings Channel reports. The fund owned 23,523 shares of the company’s stock after acquiring an additional 4,703 shares during the quarter. Good Life Advisors LLC’s holdings in Archer-Daniels-Midland were worth $1,777,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADM. Hanseatic Management Services Inc. bought a new position in Archer-Daniels-Midland in the 1st quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. raised its stake in shares of Archer-Daniels-Midland by 88.1% during the first quarter. Newbridge Financial Services Group Inc. now owns 476 shares of the company’s stock valued at $38,000 after acquiring an additional 223 shares during the last quarter. MRP Capital Investments LLC acquired a new position in shares of Archer-Daniels-Midland during the first quarter worth $40,000. Almanack Investment Partners LLC. bought a new stake in shares of Archer-Daniels-Midland in the third quarter worth $43,000. Finally, Carolinas Wealth Consulting LLC increased its holdings in Archer-Daniels-Midland by 37.0% in the first quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company’s stock valued at $55,000 after purchasing an additional 164 shares during the period. Institutional investors own 77.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Roth Mkm initiated coverage on Archer-Daniels-Midland in a research report on Thursday, June 22nd. They issued a “buy” rating and a $92.00 price target on the stock. Barclays reduced their target price on Archer-Daniels-Midland from $99.00 to $95.00 in a report on Thursday, June 1st. Morgan Stanley raised their price target 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. StockNews.com assumed coverage on shares of Archer-Daniels-Midland in a research report on Thursday, August 17th. They set a “buy” rating for the company. Finally, Argus boosted their target price on shares of Archer-Daniels-Midland from $91.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Moderate Buy” and an average 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 firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $86.80, for a total value of $126,294.00. Following the transaction, the insider now directly owns 10,809 shares of the company’s stock, valued at $938,221.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Trading Down 1.6 %

NYSE:ADM opened at $79.35 on Friday. Archer-Daniels-Midland Company has a 12 month low of $69.92 and a 12 month high of $98.28. The company has a current ratio of 1.63, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $42.54 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.73 and a beta of 0.83. The firm has a fifty day simple moving average of $81.98 and a two-hundred day simple moving average of $78.35.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, July 25th. The company reported $1.89 EPS for the quarter, beating the consensus estimate 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 company had revenue of $25.19 billion during the quarter, compared to the consensus estimate of $25.82 billion. During the same period last year, the business posted $2.15 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. Analysts expect that Archer-Daniels-Midland Company will post 7.19 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

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 2.27%. The ex-dividend date of this dividend was Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is currently 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.