Sunbelt Securities Inc. Increases Position in Archer-Daniels-Midland Company (NYSE:ADM)

Sunbelt Securities Inc. boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,612 shares of the company’s stock after purchasing an additional 215 shares during the quarter. Sunbelt Securities Inc.’s holdings in Archer-Daniels-Midland were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Banque Cantonale Vaudoise increased its holdings in Archer-Daniels-Midland by 83.7% in the 1st quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock worth $1,879,000 after acquiring an additional 13,626 shares in the last quarter. Stolper Co purchased a new stake in shares of Archer-Daniels-Midland during the first quarter worth about $2,075,000. Oak Thistle LLC acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter worth about $347,000. Wellington Management Group LLP lifted its stake in Archer-Daniels-Midland by 11.1% in the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after buying an additional 1,532,284 shares in the last quarter. Finally, Quarry LP increased its stake in Archer-Daniels-Midland by 80.9% during the 4th quarter. Quarry LP now owns 4,917 shares of the company’s stock worth $355,000 after buying an additional 2,199 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the sale, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. The transaction was disclosed in a document filed 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 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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock worth $13,296,833 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Trading Down 1.2 %

Shares of Archer-Daniels-Midland stock opened at $58.79 on Thursday. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $77.35. The stock has a 50 day moving average of $60.06 and a 200 day moving average of $61.16. The firm has a market capitalization of $29.07 billion, a price-to-earnings ratio of 10.31 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

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

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors 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 annualized dividend and a yield of 3.40%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADM. JPMorgan Chase & Co. lifted their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. 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. Finally, Citigroup reduced their target price 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. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $65.62.

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.