Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by Veriti Management LLC

Veriti Management LLC lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 6.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,738 shares of the company’s stock after buying an additional 765 shares during the quarter. Veriti Management LLC’s holdings in Archer-Daniels-Midland were worth $1,150,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System raised its stake in shares of Archer-Daniels-Midland by 1.5% during the 1st quarter. Maryland State Retirement & Pension System now owns 43,069 shares of the company’s stock worth $3,887,000 after buying an additional 619 shares during the last quarter. Strategy Asset Managers LLC acquired a new position in Archer-Daniels-Midland in the 1st quarter valued at about $1,043,000. Addison Capital Co acquired a new position in Archer-Daniels-Midland in the 1st quarter valued at about $223,000. Massmutual Trust Co. FSB ADV raised its stake in Archer-Daniels-Midland by 84.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 316 shares of the company’s stock valued at $29,000 after purchasing an additional 145 shares during the last quarter. Finally, IMS Capital Management acquired a new position in Archer-Daniels-Midland in the 1st quarter valued at about $208,000. 75.38% of the stock is owned by institutional investors and hedge funds.

In other Archer-Daniels-Midland news, CFO Vikram Luthar sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $89.59, for a total value of $671,925.00. Following the completion of the transaction, the chief financial officer now owns 72,302 shares in the company, valued at approximately $6,477,536.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Archer-Daniels-Midland from $73.00 to $108.00 in a research note on Wednesday, April 27th. StockNews.com downgraded shares of Archer-Daniels-Midland from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 26th. Stifel Nicolaus lifted their price target on Archer-Daniels-Midland from $80.00 to $100.00 in a report on Wednesday, April 6th. Bank of America cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lifted their price target for the company from $80.00 to $100.00 in a report on Tuesday, April 19th. Finally, Monness Crespi & Hardt cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, April 18th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average price target of $83.25.

Shares of NYSE:ADM opened at $77.43 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.81 and a current ratio of 1.42. Archer-Daniels-Midland Company has a 1 year low of $56.91 and a 1 year high of $98.88. The stock has a market capitalization of $43.57 billion, a P/E ratio of 14.26, a PEG ratio of 1.96 and a beta of 0.75. The stock has a 50-day simple moving average of $87.80 and a 200-day simple moving average of $80.51.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.55. Archer-Daniels-Midland had a return on equity of 14.40% and a net margin of 3.42%. The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $20.61 billion. During the same quarter in the previous year, the business earned $1.39 EPS. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. Analysts predict that Archer-Daniels-Midland Company will post 6.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 8th. Shareholders of record on Wednesday, May 18th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, May 17th. Archer-Daniels-Midland’s dividend payout ratio is presently 29.47%.

Archer-Daniels-Midland Company Profile (Get Rating)

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

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