Williams Financial LLC Takes $6.01 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Williams Financial LLC acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,028 shares of the company’s stock, valued at approximately $6,009,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cherry Tree Wealth Management LLC purchased a new stake in shares of Archer-Daniels-Midland in the first quarter valued at $27,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland in the second quarter valued at $27,000. Crewe Advisors LLC acquired a new position in Archer-Daniels-Midland in the first quarter valued at $30,000. Rise Advisors LLC acquired a new position in Archer-Daniels-Midland in the first quarter valued at $34,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Archer-Daniels-Midland in the first quarter valued at $34,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the sale, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded up $0.23 during trading hours on Friday, hitting $59.09. The company had a trading volume of 2,036,633 shares, compared to its average volume of 4,848,712. The firm has a market cap of $29.22 billion, a PE ratio of 10.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $83.15. The firm has a 50-day moving average of $61.40 and a 200 day moving average of $59.85.

Archer-Daniels-Midland (NYSE:ADM) last announced its 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 business had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. On average, sell-side analysts expect that Archer-Daniels-Midland Company will post 5.41 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.38%. Archer-Daniels-Midland’s dividend payout ratio is 35.09%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ADM shares. JPMorgan Chase & Co. upped their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Citigroup lowered 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. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.62.

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.