Meeder Advisory Services Inc. Has $481,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Meeder Advisory Services Inc. boosted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 13.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,956 shares of the company’s stock after buying an additional 920 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Archer-Daniels-Midland were worth $481,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ADM. Cherry Tree Wealth Management LLC acquired a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $27,000. Riverview Trust Co bought a new stake in Archer-Daniels-Midland during the 2nd quarter valued at approximately $27,000. Crewe Advisors LLC acquired a new stake in Archer-Daniels-Midland in the 1st quarter valued at approximately $30,000. Rise Advisors LLC bought a new position in Archer-Daniels-Midland in the 1st quarter worth approximately $34,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of Archer-Daniels-Midland during the first quarter worth approximately $34,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $60.39 on Friday. 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 stock’s fifty day simple moving average is $61.03 and its 200 day simple moving average is $60.71. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $80.96. The firm has a market cap of $29.86 billion, a price-to-earnings ratio of 10.59 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last posted its 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). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same period in the previous year, the company posted $1.89 EPS. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, analysts expect that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Wall Street Analysts Forecast Growth

ADM has been the topic of several research analyst reports. Citigroup lowered 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. UBS Group boosted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of 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 investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $65.62.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland 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 completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $224,663.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 in the last three months. Insiders own 1.20% of the company’s stock.

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.