Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 80.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 647,129 shares of the company’s stock after purchasing an additional 288,231 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.12% of Archer-Daniels-Midland worth $52,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADM. Voya Investment Management LLC increased its holdings in Archer-Daniels-Midland by 12.1% during the 2nd quarter. Voya Investment Management LLC now owns 299,325 shares of the company’s stock valued at $23,228,000 after acquiring an additional 32,336 shares in the last quarter. Bank of New Hampshire increased its holdings in Archer-Daniels-Midland by 140.0% during the 2nd quarter. Bank of New Hampshire now owns 480 shares of the company’s stock valued at $37,000 after acquiring an additional 280 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Archer-Daniels-Midland by 5.9% during the 2nd quarter. Wealthfront Advisers LLC now owns 51,259 shares of the company’s stock valued at $3,978,000 after acquiring an additional 2,874 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Archer-Daniels-Midland by 17.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,602 shares of the company’s stock valued at $280,000 after acquiring an additional 529 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in Archer-Daniels-Midland by 14.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 19,213 shares of the company’s stock valued at $1,491,000 after acquiring an additional 2,371 shares in the last quarter. Institutional investors and hedge funds own 78.23% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 300,000 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $93.38, for a total transaction of $28,014,000.00. Following the transaction, the chief executive officer now directly owns 412,842 shares of the company’s stock, valued at $38,551,185.96. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP D Cameron Findlay sold 26,198 shares of the business’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $92.64, for a total transaction of $2,426,982.72. Following the transaction, the senior vice president now directly owns 284,987 shares of the company’s stock, valued at $26,401,195.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Juan R. Luciano sold 300,000 shares of the business’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $93.38, for a total transaction of $28,014,000.00. Following the transaction, the chief executive officer now directly owns 412,842 shares in the company, valued at $38,551,185.96. The disclosure for this sale can be found here. Insiders have sold a total of 352,396 shares of company stock valued at $32,972,495 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $85.95 on Friday. Archer-Daniels-Midland Company has a 1 year low of $65.64 and a 1 year high of $98.88. The firm has a 50 day moving average price of $93.72 and a 200 day moving average price of $86.78. The company has a market cap of $47.21 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.83 and a beta of 0.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 1.51.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.44. The firm had revenue of $24.68 billion for the quarter, compared to analysts’ expectations of $22.21 billion. Archer-Daniels-Midland had a net margin of 4.16% and a return on equity of 17.75%. Archer-Daniels-Midland’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. Sell-side analysts predict that Archer-Daniels-Midland Company will post 7.48 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 7th. Shareholders of record on Wednesday, November 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.86%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 22.07%.

Analyst Ratings Changes

ADM has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of Archer-Daniels-Midland in a report on Tuesday, December 13th. They set a “buy” rating and a $115.00 price target for the company. StockNews.com upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 20th. Bank of America lowered their price target on shares of Archer-Daniels-Midland from $104.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, October 24th. Robert W. Baird lifted their price target on shares of Archer-Daniels-Midland from $94.00 to $98.00 and gave the stock an “outperform” rating in a report on Wednesday, October 26th. Finally, Stifel Nicolaus lifted their price target on shares of Archer-Daniels-Midland from $114.00 to $116.00 in a report on Tuesday, January 3rd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Moderate Buy” and an average price target of $96.70.

About Archer-Daniels-Midland

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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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