Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by Amalgamated Bank

Amalgamated Bank lifted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 18.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,674 shares of the company’s stock after purchasing an additional 20,278 shares during the period. Amalgamated Bank’s holdings in Archer-Daniels-Midland were worth $7,899,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. increased its position in shares of Archer-Daniels-Midland by 110.0% during the second quarter. Edgestream Partners L.P. now owns 22,132 shares of the company’s stock worth $1,338,000 after acquiring an additional 11,594 shares during the period. Citizens Financial Group Inc. RI increased its holdings in Archer-Daniels-Midland by 5.3% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 16,071 shares of the company’s stock worth $971,000 after purchasing an additional 803 shares during the period. Sierra Summit Advisors LLC raised its position in Archer-Daniels-Midland by 11.6% in the 2nd quarter. Sierra Summit Advisors LLC now owns 6,468 shares of the company’s stock valued at $391,000 after purchasing an additional 672 shares in the last quarter. Rathbones Group PLC grew its position in shares of Archer-Daniels-Midland by 29.4% during the second quarter. Rathbones Group PLC now owns 22,892 shares of the company’s stock worth $1,384,000 after buying an additional 5,197 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Archer-Daniels-Midland by 2.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,036,256 shares of the company’s stock worth $62,642,000 after buying an additional 27,701 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $62.46 on Friday. The stock has a market cap of $30.88 billion, a P/E ratio of 10.96 and a beta of 0.72. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $80.14. The stock has a 50 day moving average of $60.81 and a two-hundred day moving average of $60.87. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). The business 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 revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. On average, research analysts forecast that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

ADM has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Citigroup dropped their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. upped their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $65.62.

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.