Wakefield Asset Management LLLP Cuts Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Wakefield Asset Management LLLP lowered its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,426 shares of the company’s stock after selling 2,509 shares during the quarter. Archer-Daniels-Midland accounts for 1.0% of Wakefield Asset Management LLLP’s investment portfolio, making the stock its 25th largest holding. Wakefield Asset Management LLLP’s holdings in Archer-Daniels-Midland were worth $2,753,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ADM. Checchi Capital Advisers LLC lifted its holdings in shares of Archer-Daniels-Midland by 2.6% during the 1st quarter. Checchi Capital Advisers LLC now owns 6,310 shares of the company’s stock worth $360,000 after acquiring an additional 160 shares during the period. Palladium Partners LLC raised its stake in shares of Archer-Daniels-Midland by 1.2% during the first quarter. Palladium Partners LLC now owns 14,506 shares of the company’s stock valued at $827,000 after purchasing an additional 175 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Archer-Daniels-Midland by 3.4% during the first quarter. Rehmann Capital Advisory Group now owns 5,336 shares of the company’s stock valued at $304,000 after purchasing an additional 175 shares in the last quarter. Dumont & Blake Investment Advisors LLC raised its position in Archer-Daniels-Midland by 3.5% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 5,160 shares of the company’s stock worth $313,000 after acquiring an additional 175 shares in the last quarter. Finally, Loudon Investment Management LLC raised its position in Archer-Daniels-Midland by 0.3% in the first quarter. Loudon Investment Management LLC now owns 59,921 shares of the company’s stock worth $3,415,000 after acquiring an additional 200 shares in the last quarter. 77.08% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Juan R. Luciano acquired 16,790 shares of the stock in a transaction dated Thursday, July 29th. The shares were acquired at an average cost of $59.54 per share, for a total transaction of $999,676.60. Following the completion of the transaction, the chief executive officer now owns 483,994 shares in the company, valued at approximately $28,817,002.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Several brokerages have commented on ADM. Jefferies Financial Group began coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, July 21st. They issued a “hold” rating and a $55.00 price target on the stock. Zacks Investment Research cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Wednesday, August 11th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $65.27.

ADM traded up $1.06 on Wednesday, hitting $61.44. The company had a trading volume of 15,445 shares, compared to its average volume of 2,543,705. The company’s fifty day moving average price is $59.74 and its 200 day moving average price is $61.06. Archer-Daniels-Midland Company has a 1-year low of $44.58 and a 1-year high of $69.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.65 and a quick ratio of 0.99. The stock has a market cap of $34.33 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.52 and a beta of 0.88.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Monday, July 26th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. Archer-Daniels-Midland had a return on equity of 13.30% and a net margin of 3.09%. The company had revenue of $22.93 billion during the quarter, compared to analyst estimates of $18.30 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 40.8% compared to the same quarter last year. On average, sell-side analysts forecast that Archer-Daniels-Midland Company will post 4.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 8th. Stockholders of record on Wednesday, August 18th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Tuesday, August 17th. Archer-Daniels-Midland’s dividend payout ratio is presently 41.23%.

Archer-Daniels-Midland Profile

Archer-Daniels-Midland Co processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.

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

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