Rockland Trust Co. Has $681,000 Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Rockland Trust Co. boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 10.3% in the third quarter, Holdings Channel reports. The institutional investor owned 11,400 shares of the company’s stock after buying an additional 1,069 shares during the period. Rockland Trust Co.’s holdings in Archer-Daniels-Midland were worth $681,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC bought a new position in shares of Archer-Daniels-Midland during the first quarter valued at $27,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland during the 2nd quarter worth about $27,000. Altshuler Shaham Ltd bought a new stake in shares of Archer-Daniels-Midland in the 2nd quarter valued at about $28,000. Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the 1st quarter valued at about $30,000. Finally, Rise Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $34,000. Institutional investors own 78.28% of the company’s stock.

Insider Transactions at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated 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 transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction dated 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 directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock valued at $13,296,833 over the last three months. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Citigroup reduced their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Finally, UBS Group lifted their target price 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. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $65.62.

Archer-Daniels-Midland Stock Up 1.3 %

Shares of ADM traded up $0.76 during trading hours on Friday, hitting $59.23. The stock had a trading volume of 2,299,748 shares, compared to its average volume of 4,454,381. The firm has a 50 day simple moving average of $59.87 and a 200-day simple moving average of $61.13. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $77.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The firm has a market capitalization of $29.29 billion, a P/E ratio of 10.39 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS 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 firm had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. The company’s revenue was down 11.7% compared to the same quarter last year. Sell-side analysts predict that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Archer-Daniels-Midland Profile

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.