500 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Bought by Gradient Investments LLC

Gradient Investments LLC purchased a new position in Archer-Daniels-Midland Company (NYSE:ADMGet Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 500 shares of the company’s stock, valued at approximately $45,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Archer-Daniels-Midland by 3.2% in the first quarter. Vanguard Group Inc. now owns 61,191,813 shares of the company’s stock worth $5,523,173,000 after buying an additional 1,919,844 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 worth $3,915,421,000 after purchasing an additional 3,016,611 shares during the period. BlackRock Inc. increased its stake in Archer-Daniels-Midland by 6.8% in the first quarter. BlackRock Inc. now owns 41,829,477 shares of the company’s stock worth $3,775,525,000 after purchasing an additional 2,665,942 shares during the period. State Street Corp increased its stake in Archer-Daniels-Midland by 2.5% in the first quarter. State Street Corp now owns 31,608,017 shares of the company’s stock worth $2,852,940,000 after purchasing an additional 773,457 shares during the period. Finally, Geode Capital Management LLC increased its stake in Archer-Daniels-Midland by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 10,812,461 shares of the company’s stock worth $729,430,000 after purchasing an additional 271,826 shares during the period. 78.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ADM. Wolfe Research began coverage on Archer-Daniels-Midland in a research note on Friday, August 12th. They issued an “outperform” rating and a $117.00 target price on the stock. Seaport Res Ptn reiterated a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 27th. Finally, StockNews.com upgraded Archer-Daniels-Midland from a “hold” rating to a “buy” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $88.42.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 284,531 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $91.20, for a total transaction 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 Securities & Exchange Commission, which is available at this hyperlink. In other Archer-Daniels-Midland news, SVP Gregory A. Morris sold 117,839 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were 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 of the company’s stock, valued at $19,319,465.38. The transaction was disclosed in a filing 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 stock was sold at an average price of $91.20, for a total transaction of $25,949,227.20. Following the completion of the transaction, the chief executive officer now directly 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. Insiders sold 402,470 shares of company stock valued at $35,794,063 over the last 90 days. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $84.77 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.47. The firm’s 50 day moving average price is $82.84 and its 200-day moving average price is $84.97. Archer-Daniels-Midland Company has a 52-week low of $58.60 and a 52-week 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 1.81 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.43. Archer-Daniels-Midland had a net margin of 3.81% and a return on equity of 15.98%. The company had revenue of $27.28 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was up 19.0% compared to the same quarter last year. Sell-side analysts forecast that Archer-Daniels-Midland Company will post 6.84 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. Archer-Daniels-Midland’s payout ratio is 25.20%.

Archer-Daniels-Midland Company Profile

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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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