Quarry LP Acquires 13,412 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Quarry LP raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 54.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,054 shares of the company’s stock after acquiring an additional 13,412 shares during the period. Quarry LP’s holdings in Archer-Daniels-Midland were worth $2,300,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ADM. Banque Cantonale Vaudoise increased its position in Archer-Daniels-Midland by 83.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock worth $1,879,000 after purchasing an additional 13,626 shares in the last quarter. Stolper Co acquired a new position in shares of Archer-Daniels-Midland during the first quarter worth $2,075,000. Oak Thistle LLC bought a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at $347,000. Wellington Management Group LLP boosted its holdings in shares of Archer-Daniels-Midland by 11.1% during the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after acquiring an additional 1,532,284 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in Archer-Daniels-Midland by 241.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 80,230 shares of the company’s stock worth $5,794,000 after acquiring an additional 56,767 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ADM. UBS Group increased their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Citigroup cut their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.62.

Insider Activity

In related news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock worth $13,296,833 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $60.00 on Monday. The firm has a market capitalization of $29.67 billion, a P/E ratio of 10.53 and a beta of 0.72. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $77.35. The company has a fifty day moving average of $60.28 and a 200-day moving average of $61.16. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.19). The company had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 EPS. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.33%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Archer-Daniels-Midland Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.