Code Waechter LLC Acquires Shares of 7,214 Archer-Daniels-Midland Company (NYSE:ADM)

Code Waechter LLC bought a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,214 shares of the company’s stock, valued at approximately $431,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cherry Tree Wealth Management LLC purchased a new position in Archer-Daniels-Midland in the first quarter valued at about $27,000. Riverview Trust Co bought a new stake in shares of Archer-Daniels-Midland in the 2nd quarter valued at approximately $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland in the second quarter worth approximately $28,000. Crewe Advisors LLC bought a new position in Archer-Daniels-Midland during the first quarter valued at approximately $30,000. Finally, Rise Advisors LLC acquired a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $34,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ADM shares. Citigroup cut their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. UBS Group boosted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average price target of $65.62.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock valued at $13,296,833 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Stock Performance

NYSE:ADM traded up $0.68 during trading hours on Friday, hitting $57.97. 1,897,638 shares of the company traded hands, compared to its average volume of 4,394,472. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $27.72 billion, a price-to-earnings ratio of 11.64 and a beta of 0.72. The firm has a 50-day moving average of $59.50 and a 200 day moving average of $60.99. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter in the previous year, the business posted $1.89 EPS. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. On average, analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.45%. Archer-Daniels-Midland’s payout ratio is 40.16%.

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.