Future Financial Wealth Managment LLC Makes New Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Future Financial Wealth Managment LLC bought a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,875 shares of the company’s stock, valued at approximately $112,000.

Other institutional investors have also bought and sold shares of the company. Sage Capital Advisors llc bought a new position in shares of Archer-Daniels-Midland in the third quarter valued at approximately $7,549,000. Sugarloaf Wealth Management LLC lifted its holdings in Archer-Daniels-Midland by 25.8% during the third quarter. Sugarloaf Wealth Management LLC now owns 4,112 shares of the company’s stock worth $246,000 after acquiring an additional 844 shares during the period. Atomi Financial Group Inc. boosted its position in Archer-Daniels-Midland by 3.3% in the third quarter. Atomi Financial Group Inc. now owns 6,591 shares of the company’s stock worth $394,000 after purchasing an additional 210 shares during the last quarter. Exeter Financial LLC grew its stake in Archer-Daniels-Midland by 1.4% in the 3rd quarter. Exeter Financial LLC now owns 24,793 shares of the company’s stock valued at $1,481,000 after purchasing an additional 331 shares during the period. Finally, Pacifica Partners Inc. increased its position in shares of Archer-Daniels-Midland by 10.6% during the 3rd quarter. Pacifica Partners Inc. now owns 6,769 shares of the company’s stock valued at $404,000 after purchasing an additional 649 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,348 shares of company stock worth $13,296,833. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $56.97 on Thursday. The company has a 50 day moving average of $59.68 and a 200 day moving average of $61.07. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a market cap of $28.17 billion, a P/E ratio of 9.99 and a beta of 0.72. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 EPS. As a group, sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

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 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is 35.09%.

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.