Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Minot Wealth Management LLC

Minot Wealth Management LLC lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 88.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,307 shares of the company’s stock after acquiring an additional 17,937 shares during the quarter. Minot Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $2,973,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ADM. Paragon Capital Management Ltd raised its position in Archer-Daniels-Midland by 2.8% in the first quarter. Paragon Capital Management Ltd now owns 3,915 shares of the company’s stock worth $353,000 after acquiring an additional 108 shares in the last quarter. CVA Family Office LLC grew its position in Archer-Daniels-Midland by 42.6% in the first quarter. CVA Family Office LLC now owns 385 shares of the company’s stock worth $35,000 after acquiring an additional 115 shares in the last quarter. B. Riley Wealth Management Inc. lifted its position in shares of Archer-Daniels-Midland by 2.5% in the first quarter. B. Riley Wealth Management Inc. now owns 5,126 shares of the company’s stock worth $463,000 after buying an additional 123 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Archer-Daniels-Midland by 1.8% during the 1st quarter. Checchi Capital Advisers LLC now owns 7,137 shares of the company’s stock worth $644,000 after buying an additional 125 shares during the period. Finally, AdvisorNet Financial Inc lifted its position in shares of Archer-Daniels-Midland by 6.6% during the 1st quarter. AdvisorNet Financial Inc now owns 2,131 shares of the company’s stock worth $192,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $84.77 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.47. Archer-Daniels-Midland Company has a 52 week low of $58.60 and a 52 week high of $98.88. The stock has a market capitalization of $47.52 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 1.78 and a beta of 0.77. The stock has a fifty day moving average of $83.07 and a 200-day moving average of $85.10.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.72 by $0.43. The firm had revenue of $27.28 billion during the quarter, compared to the consensus estimate of $24.87 billion. Archer-Daniels-Midland had a return on equity of 15.98% and a net margin of 3.81%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 6.84 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 17th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.89%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 25.20%.

Insider Activity

In other news, CEO Juan R. Luciano sold 284,531 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $91.20, for a total value of $25,949,227.20. Following the completion of the sale, the chief executive officer now owns 412,842 shares of the company’s stock, valued at $37,651,190.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Gregory A. Morris sold 117,839 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $83.47, for a total transaction of $9,836,021.33. Following the sale, the senior vice president now owns 231,454 shares in the company, valued at approximately $19,319,465.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the chief executive officer now directly owns 412,842 shares of the company’s stock, valued at $37,651,190.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 402,470 shares of company stock valued at $35,794,063. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. StockNews.com raised Archer-Daniels-Midland from a “hold” rating to a “buy” rating in a research note on Friday. Wolfe Research started coverage on shares of Archer-Daniels-Midland in a research note on Friday, August 12th. They issued an “outperform” rating and a $117.00 target price for the company. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.42.

Archer-Daniels-Midland Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADMGet Rating).

Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.