Bank of New Hampshire Purchases 280 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Bank of New Hampshire increased its position in Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 140.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 480 shares of the company’s stock after purchasing an additional 280 shares during the quarter. Bank of New Hampshire’s holdings in Archer-Daniels-Midland were worth $37,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADM. Prudential PLC bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at $961,000. Charles Schwab Investment Management Inc. boosted its position in Archer-Daniels-Midland by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,266,206 shares of the company’s stock valued at $220,764,000 after acquiring an additional 71,104 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at $4,454,000. O Shaughnessy Asset Management LLC boosted its position in Archer-Daniels-Midland by 55.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,332 shares of the company’s stock valued at $631,000 after acquiring an additional 3,329 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Archer-Daniels-Midland by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,812,461 shares of the company’s stock valued at $729,430,000 after acquiring an additional 271,826 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, SVP Gregory A. Morris sold 117,839 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $83.47, for a total transaction of $9,836,021.33. Following the completion of the transaction, the senior vice president now owns 231,454 shares in the company, valued at approximately $19,319,465.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Juan R. Luciano sold 284,531 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 412,842 shares in the company, valued at approximately $37,651,190.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gregory A. Morris sold 117,839 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 231,454 shares in the company, valued at $19,319,465.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 402,470 shares of company stock worth $35,794,063. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $84.77 on Friday. The firm has a market capitalization of $47.52 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 1.79 and a beta of 0.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.47 and a quick ratio of 0.90. The business has a fifty day moving average of $83.07 and a 200 day moving average of $85.02. Archer-Daniels-Midland Company has a 1 year low of $58.60 and a 1 year high of $98.88.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last issued its earnings results on Tuesday, July 26th. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.43. The company had revenue of $27.28 billion during the quarter, compared to analyst estimates of $24.87 billion. Archer-Daniels-Midland had a return on equity of 15.98% and a net margin of 3.81%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. As a group, research analysts expect that Archer-Daniels-Midland Company will post 6.84 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on ADM shares. StockNews.com raised Archer-Daniels-Midland from a “hold” rating to a “buy” rating in a research report on Friday. Wolfe Research initiated coverage on Archer-Daniels-Midland in a report on Friday, August 12th. They set an “outperform” rating and a $117.00 price objective for the company. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.42.

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.

See Also

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

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