Invesco LLC Boosts Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Invesco LLC increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,031 shares of the company’s stock after buying an additional 1,285 shares during the period. Invesco LLC’s holdings in Archer-Daniels-Midland were worth $958,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ADM. Vanguard Group Inc. raised its stake in shares of Archer-Daniels-Midland by 12.1% in the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after acquiring an additional 7,320,289 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Archer-Daniels-Midland by 15,790.1% in the 2nd quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock valued at $459,232,000 after purchasing an additional 7,549,083 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Archer-Daniels-Midland by 40.7% in the 1st quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock valued at $207,847,000 after purchasing an additional 957,270 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Archer-Daniels-Midland by 141.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock worth $187,885,000 after purchasing an additional 1,753,077 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Archer-Daniels-Midland by 73.6% during the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock worth $170,960,000 after purchasing an additional 1,199,992 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Stock Performance

ADM stock traded down $0.57 during trading on Friday, hitting $54.64. The company had a trading volume of 2,234,915 shares, compared to its average volume of 4,258,561. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $77.35. The firm has a 50-day moving average price of $58.84 and a 200-day moving average price of $60.36. 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 firm has a market cap of $26.13 billion, a PE ratio of 10.97 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released 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). The company had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 EPS. On average, analysts expect that Archer-Daniels-Midland Company will post 5.16 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is 40.16%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADM. Citigroup decreased their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. JPMorgan Chase & Co. increased their target price 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. Finally, UBS Group boosted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.82.

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.