Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Clifford Group LLC

Clifford Group LLC boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 5.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,771 shares of the company’s stock after purchasing an additional 324 shares during the period. Clifford Group LLC’s holdings in Archer-Daniels-Midland were worth $409,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in Archer-Daniels-Midland in the 2nd quarter valued at approximately $206,000. SkyOak Wealth LLC acquired a new position in shares of Archer-Daniels-Midland in the second quarter worth $235,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Archer-Daniels-Midland by 22.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 48,785 shares of the company’s stock worth $2,890,000 after acquiring an additional 8,944 shares in the last quarter. Amalgamated Bank grew its stake in shares of Archer-Daniels-Midland by 18.4% in the second quarter. Amalgamated Bank now owns 130,674 shares of the company’s stock worth $7,899,000 after acquiring an additional 20,278 shares in the last quarter. Finally, Edgestream Partners L.P. grew its stake in shares of Archer-Daniels-Midland by 110.0% in 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 in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

ADM has been the subject of several research reports. UBS Group boosted 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 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 note on Monday, July 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $65.62.

Insider Activity

In other news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,348 shares of company stock valued at $13,296,833. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $62.46 on Friday. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $80.14. The stock has a market cap of $30.88 billion, a PE ratio of 10.96 and a beta of 0.72. 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 fifty day moving average price of $60.81 and a 200 day moving average price of $60.87.

Archer-Daniels-Midland (NYSE:ADM) last announced 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). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $23.12 billion. During the same period last year, the firm earned $1.89 earnings per share. Archer-Daniels-Midland’s revenue was down 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.20%. 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.