Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,603 shares of the company’s stock after purchasing an additional 10,553 shares during the period. Corient Private Wealth LLC’s holdings in Archer-Daniels-Midland were worth $15,065,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ADM. Orion Capital Management LLC acquired a new stake in Archer-Daniels-Midland in the third quarter worth about $28,000. Tompkins Financial Corp acquired a new stake in Archer-Daniels-Midland in the 3rd quarter valued at about $28,000. Operose Advisors LLC purchased a new stake in Archer-Daniels-Midland during the third quarter valued at about $30,000. EdgeRock Capital LLC acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth about $35,000. Finally, Sachetta LLC acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth about $38,000. Institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the transaction, the insider now directly owns 8,555 shares in the company, valued at $519,545.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup increased their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. UBS Group restated a “neutral” rating and issued a $51.00 price objective (down previously from $104.00) on shares of Archer-Daniels-Midland in a research note on Friday, January 26th. TheStreet downgraded shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Finally, Bank of America cut their price objective on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. 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 stock presently has an average rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Down 0.4 %

NYSE:ADM traded down $0.23 during trading hours on Friday, reaching $60.49. 2,730,740 shares of the stock were exchanged, compared to its average volume of 3,830,116. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88. The firm has a 50 day moving average of $61.60 and a 200 day moving average of $63.63. The stock has a market cap of $29.91 billion, a PE ratio of 10.61 and a beta of 0.78.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The firm had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. During the same quarter in the prior year, the company earned $2.09 earnings per share. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, equities analysts expect that Archer-Daniels-Midland Company will post 5.61 earnings per share for the current year.

Archer-Daniels-Midland announced that its board has approved a stock repurchase program on Tuesday, March 12th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to reacquire up to 6.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Wednesday, May 15th. Archer-Daniels-Midland’s payout ratio 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.