5,127 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC bought a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADMGet Rating) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,127 shares of the company’s stock, valued at approximately $463,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hanseatic Management Services Inc. bought a new position in shares of Archer-Daniels-Midland during the first quarter valued at $26,000. Hoey Investments Inc. purchased a new position in shares of Archer-Daniels-Midland during the first quarter valued at approximately $27,000. Bivin & Associates Inc. bought a new position in Archer-Daniels-Midland during the fourth quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV grew its position 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 worth $29,000 after purchasing an additional 145 shares during the period. Finally, Baystate Wealth Management LLC purchased a new stake in Archer-Daniels-Midland during the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $87.33 on Tuesday. 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 company has a market cap of $48.95 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.78 and a beta of 0.77. Archer-Daniels-Midland Company has a 1 year low of $58.60 and a 1 year high of $98.88. The stock’s 50 day simple moving average is $83.07 and its two-hundred day simple moving average is $85.10.

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

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.83%. Archer-Daniels-Midland’s dividend payout ratio is presently 25.20%.

Insiders Place Their Bets

In related news, SVP Gregory A. Morris sold 117,839 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 10th. The shares were 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 directly owns 231,454 shares of the company’s stock, valued at approximately $19,319,465.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 284,531 shares of the company’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 sale, the chief executive officer now owns 412,842 shares in the company, valued at $37,651,190.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Gregory A. Morris sold 117,839 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was 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 of the company’s stock, valued at $19,319,465.38. 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 three months. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on ADM shares. Wolfe Research began coverage on Archer-Daniels-Midland in a research report on Friday, August 12th. They set an “outperform” rating and a $117.00 price objective for the company. StockNews.com upgraded shares of Archer-Daniels-Midland from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Seaport Res Ptn reaffirmed 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.42.

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.

Further Reading

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

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