Kestra Private Wealth Services LLC Buys New Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Kestra Private Wealth Services LLC bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADMGet Rating) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,127 shares of the company’s stock, valued at approximately $463,000.

Other institutional investors have also bought and sold shares of the company. Capital International Investors bought a new position in Archer-Daniels-Midland during the 1st quarter valued at about $847,508,000. Norges Bank bought a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at approximately $402,080,000. Capital World Investors boosted its holdings in shares of Archer-Daniels-Midland by 7.5% in the 1st quarter. Capital World Investors now owns 43,379,355 shares of the company’s stock worth $3,915,421,000 after acquiring an additional 3,016,611 shares in the last quarter. BlackRock Inc. increased its holdings in Archer-Daniels-Midland by 6.8% during the 1st quarter. BlackRock Inc. now owns 41,829,477 shares of the company’s stock valued at $3,775,525,000 after purchasing an additional 2,665,942 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Archer-Daniels-Midland by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 61,191,813 shares of the company’s stock valued at $5,523,173,000 after purchasing an additional 1,919,844 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Archer-Daniels-Midland Stock Up 3.0 %

Shares of ADM stock opened at $87.33 on Tuesday. Archer-Daniels-Midland Company has a 52-week low of $58.60 and a 52-week high of $98.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.47. The stock has a market cap of $48.95 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.78 and a beta of 0.77. The firm’s 50-day moving average is $83.07 and its 200-day moving average is $85.10.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $2.15 EPS for the quarter, beating 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 business had revenue of $27.28 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same quarter in the prior year, the business earned $1.33 EPS. Archer-Daniels-Midland’s quarterly revenue was up 19.0% on a year-over-year basis. Sell-side analysts predict that Archer-Daniels-Midland Company will post 6.84 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders 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 1.83%. Archer-Daniels-Midland’s dividend payout ratio is currently 25.20%.

Insiders Place Their Bets

In other news, SVP Gregory A. Morris sold 117,839 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $83.47, for a total value of $9,836,021.33. Following the completion of the sale, the senior vice president now directly owns 231,454 shares in the company, valued at $19,319,465.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Gregory A. Morris sold 117,839 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 231,454 shares in the company, valued at $19,319,465.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $25,949,227.20. Following the sale, the chief executive officer now owns 412,842 shares in the company, valued at $37,651,190.40. The disclosure for this sale can be found here. Insiders sold 402,470 shares of company stock worth $35,794,063 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Archer-Daniels-Midland Company Profile

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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.

Further Reading

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

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