Level Four Advisory Services LLC lifted its position in Archer-Daniels-Midland Company (NYSE:ADM – Free Report) by 56.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,966 shares of the company’s stock after buying an additional 1,436 shares during the period. Level Four Advisory Services LLC’s holdings in Archer-Daniels-Midland were worth $316,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. Center For Asset Management LLC increased its holdings in Archer-Daniels-Midland by 4.4% during the 1st quarter. Center For Asset Management LLC now owns 3,003 shares of the company’s stock worth $239,000 after purchasing an additional 127 shares in the last quarter. Vectors Research Management LLC increased its holdings in Archer-Daniels-Midland by 0.8% during the 1st quarter. Vectors Research Management LLC now owns 16,928 shares of the company’s stock worth $1,348,000 after purchasing an additional 136 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Archer-Daniels-Midland by 1.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,171 shares of the company’s stock worth $1,130,000 after buying an additional 146 shares during the last quarter. Glenview Trust co boosted its stake in shares of Archer-Daniels-Midland by 4.6% during the 1st quarter. Glenview Trust co now owns 3,329 shares of the company’s stock worth $265,000 after buying an additional 147 shares during the last quarter. Finally, Silverlake Wealth Management LLC boosted its stake in shares of Archer-Daniels-Midland by 4.3% during the 1st quarter. Silverlake Wealth Management LLC now owns 3,901 shares of the company’s stock worth $311,000 after buying an additional 160 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.
Insider Transactions at Archer-Daniels-Midland
In other news, insider Fruit Molly L. Strader sold 1,455 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $86.80, for a total transaction of $126,294.00. Following the transaction, the insider now directly owns 10,809 shares of the company’s stock, valued at $938,221.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.
Analyst Ratings Changes
Archer-Daniels-Midland Trading Down 0.2 %
Shares of ADM stock opened at $79.16 on Tuesday. The firm has a 50 day moving average price of $81.98 and a two-hundred day moving average price of $78.34. The company has a quick ratio of 1.00, a current ratio of 1.63 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $42.44 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 1.76 and a beta of 0.83. Archer-Daniels-Midland Company has a 12-month low of $69.92 and a 12-month high of $98.28.
Archer-Daniels-Midland (NYSE:ADM – Get Free Report) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.30. The firm had revenue of $25.19 billion during the quarter, compared to the consensus estimate of $25.82 billion. Archer-Daniels-Midland had a net margin of 4.14% and a return on equity of 17.52%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the business posted $2.15 earnings per share. As a group, analysts predict that Archer-Daniels-Midland Company will post 7.19 earnings per share for the current year.
Archer-Daniels-Midland Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 2.27%. Archer-Daniels-Midland’s dividend payout ratio is presently 24.03%.
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.
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