37,528 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,528 shares of the company’s stock, valued at approximately $2,269,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise increased its position in Archer-Daniels-Midland by 83.7% during the first quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock worth $1,879,000 after acquiring an additional 13,626 shares during the period. Quadrant Capital Group LLC increased its holdings in Archer-Daniels-Midland by 14.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock valued at $271,000 after buying an additional 462 shares during the period. Madison Asset Management LLC increased its holdings in Archer-Daniels-Midland by 18.6% in the 4th quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock valued at $27,728,000 after buying an additional 60,313 shares during the period. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Archer-Daniels-Midland in the 4th quarter valued at $1,942,000. Finally, Victory Capital Management Inc. increased its holdings in Archer-Daniels-Midland by 50.3% in the 4th quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock valued at $29,946,000 after buying an additional 138,806 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM traded down $0.32 during trading hours on Tuesday, hitting $59.36. The stock had a trading volume of 403,464 shares, compared to its average volume of 4,805,007. The company’s fifty day moving average is $61.35 and its two-hundred day moving average is $59.87. The stock has a market capitalization of $29.35 billion, a price-to-earnings ratio of 10.47 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 52 week low of $50.72 and a 52 week high of $83.00.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.19). The company had revenue of $22.25 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the company earned $1.89 EPS. On average, analysts anticipate that Archer-Daniels-Midland Company will post 5.41 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The business 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 is Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.37%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Insider Buying and Selling

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the transaction, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ADM shares. Citigroup lowered 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. JPMorgan Chase & Co. boosted their price target on shares of 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 given a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price 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.