Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,616 shares of the company’s stock after purchasing an additional 425 shares during the period. Signaturefd LLC’s holdings in Archer-Daniels-Midland were worth $1,186,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in Archer-Daniels-Midland by 4,646.1% during the fourth quarter. International Assets Investment Management LLC now owns 198,816 shares of the company’s stock worth $143,580,000 after acquiring an additional 194,627 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in Archer-Daniels-Midland by 2.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 17,850 shares of the company’s stock valued at $1,289,000 after buying an additional 464 shares during the last quarter. Certuity LLC acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at about $208,000. Victory Capital Management Inc. boosted its stake in Archer-Daniels-Midland by 50.3% during the fourth quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock worth $29,946,000 after buying an additional 138,806 shares during the period. Finally, Essex Financial Services Inc. increased its position in shares of Archer-Daniels-Midland by 27.3% during the fourth quarter. Essex Financial Services Inc. now owns 13,645 shares of the company’s stock valued at $985,000 after acquiring an additional 2,928 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

NYSE ADM traded up $0.13 during trading hours on Friday, hitting $60.97. 3,369,019 shares of the stock were exchanged, compared to its average volume of 4,677,056. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average of $61.31 and a 200 day moving average of $60.15. The company has a market cap of $30.15 billion, a price-to-earnings ratio of 10.70 and a beta of 0.74. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $81.70.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The business had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same period in the prior year, the business earned $1.89 earnings per share. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that Archer-Daniels-Midland Company will post 5.41 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADM. JPMorgan Chase & Co. increased their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Citigroup reduced 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 report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $64.62.

Insider Activity

In other news, CEO Juan R. Luciano sold 3,683 shares of the 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 transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

About Archer-Daniels-Midland

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.