Acropolis Investment Management LLC acquired a new position in Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,686 shares of the company’s stock, valued at approximately $674,000.
A number of other large investors have also modified their holdings of ADM. Hanseatic Management Services Inc. acquired a new stake in shares of Archer-Daniels-Midland in the 1st quarter worth about $26,000. Hoey Investments Inc. acquired a new position in shares of Archer-Daniels-Midland in the first quarter worth about $27,000. First Community Trust NA acquired a new position in shares of Archer-Daniels-Midland in the second quarter worth about $27,000. ACG Wealth acquired a new position in shares of Archer-Daniels-Midland in the second quarter worth about $27,000. Finally, Bivin & Associates Inc. acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 78.10% of the company’s stock.
Insider Activity at Archer-Daniels-Midland
In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 284,531 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $91.20, for a total transaction of $25,949,227.20. Following the completion of the sale, the chief executive officer now directly owns 412,842 shares of the company’s stock, valued at approximately $37,651,190.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Gregory A. Morris sold 117,839 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $83.47, for a total value of $9,836,021.33. Following the completion of the transaction, the senior vice president now directly owns 231,454 shares in the company, valued at approximately $19,319,465.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Juan R. Luciano sold 284,531 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $91.20, for a total value of $25,949,227.20. Following the completion of the transaction, the chief executive officer now owns 412,842 shares of the company’s stock, valued at $37,651,190.40. The disclosure for this sale can be found here. Insiders sold 402,470 shares of company stock valued at $35,794,063 over the last ninety days. 1.20% of the stock is owned by insiders.
Archer-Daniels-Midland Stock Performance
Archer-Daniels-Midland (NYSE:ADM – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.43. Archer-Daniels-Midland had a net margin of 3.81% and a return on equity of 15.98%. The firm had revenue of $27.28 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter in the previous year, the company earned $1.33 earnings per share. The business’s revenue was up 19.0% compared to the same quarter last year. As a group, equities analysts predict that Archer-Daniels-Midland Company will post 6.84 EPS for the current fiscal year.
Archer-Daniels-Midland Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. Archer-Daniels-Midland’s payout ratio is presently 25.20%.
Wall Street Analyst Weigh In
ADM has been the topic of several recent research reports. Wolfe Research initiated coverage on shares of Archer-Daniels-Midland in a research report on Friday, August 12th. They set an “outperform” rating and a $117.00 price objective on the stock. StockNews.com raised shares of Archer-Daniels-Midland from a “hold” rating to a “buy” rating in a research report on Friday, September 16th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.42.
Archer-Daniels-Midland Company Profile
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.
- Get a free copy of the StockNews.com research report on Archer-Daniels-Midland (ADM)
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