Vectors Research Management LLC Decreases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Vectors Research Management LLC trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,302 shares of the company’s stock after selling 437 shares during the quarter. Vectors Research Management LLC’s holdings in Archer-Daniels-Midland were worth $1,265,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. B. Riley Wealth Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 2.5% in the first quarter. B. Riley Wealth Management Inc. now owns 5,126 shares of the company’s stock valued at $463,000 after buying an additional 123 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Archer-Daniels-Midland by 1.8% during the first quarter. Checchi Capital Advisers LLC now owns 7,137 shares of the company’s stock worth $644,000 after acquiring an additional 125 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of Archer-Daniels-Midland by 30.6% during the second quarter. JFS Wealth Advisors LLC now owns 546 shares of the company’s stock worth $42,000 after acquiring an additional 128 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Archer-Daniels-Midland by 15.3% during the second quarter. Brown Brothers Harriman & Co. now owns 971 shares of the company’s stock worth $75,000 after acquiring an additional 129 shares during the period. Finally, Sage Mountain Advisors LLC increased its stake in shares of Archer-Daniels-Midland by 3.2% during the second quarter. Sage Mountain Advisors LLC now owns 4,142 shares of the company’s stock worth $321,000 after acquiring an additional 130 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded down $0.89 during trading hours on Thursday, hitting $96.78. The company’s stock had a trading volume of 1,657,781 shares, compared to its average volume of 2,667,421. The business has a fifty day moving average of $89.66 and a 200-day moving average of $85.14. The stock has a market cap of $53.16 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.82 and a beta of 0.85. Archer-Daniels-Midland Company has a twelve month low of $61.80 and a twelve month high of $98.88. The company has a current ratio of 1.51, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.41 by $0.45. The business had revenue of $24.68 billion for the quarter, compared to analyst estimates of $22.21 billion. Archer-Daniels-Midland had a net margin of 4.16% and a return on equity of 17.75%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 7.4 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Tuesday, November 15th. Archer-Daniels-Midland’s payout ratio is 22.07%.

Analyst Ratings Changes

ADM has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of Archer-Daniels-Midland from $104.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, October 24th. 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. Robert W. Baird boosted their price target on shares of Archer-Daniels-Midland from $94.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 26th. StockNews.com upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 3rd. Finally, Seaport Res Ptn restated a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $93.38, for a total transaction of $28,014,000.00. Following the transaction, the chief executive officer now owns 412,842 shares of the company’s stock, valued at $38,551,185.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 284,531 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $91.20, for a total transaction of $25,949,227.20. Following the transaction, the chief executive officer now owns 412,842 shares of the company’s stock, valued at $37,651,190.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Juan R. Luciano sold 300,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $93.38, for a total transaction of $28,014,000.00. Following the transaction, the chief executive officer now directly owns 412,842 shares in the company, valued at approximately $38,551,185.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 584,631 shares of company stock valued at $53,972,041. Company insiders own 1.20% of the company’s stock.

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.

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

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