Cetera Advisor Networks LLC Raises Position in Archer-Daniels-Midland Company (NYSE:ADM)

Cetera Advisor Networks LLC boosted its stake in Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 14.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 53,507 shares of the company’s stock after buying an additional 6,828 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Archer-Daniels-Midland were worth $4,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC purchased a new position in Archer-Daniels-Midland in the 1st quarter worth approximately $204,000. Commonwealth Equity Services LLC lifted its stake in Archer-Daniels-Midland by 2.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 397,189 shares of the company’s stock worth $35,850,000 after purchasing an additional 8,816 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Archer-Daniels-Midland by 39.2% in the 1st quarter. Clearstead Advisors LLC now owns 6,124 shares of the company’s stock worth $553,000 after purchasing an additional 1,724 shares in the last quarter. Formidable Asset Management LLC purchased a new position in Archer-Daniels-Midland in the 1st quarter worth approximately $261,000. Finally, Hussman Strategic Advisors Inc. purchased a new position in Archer-Daniels-Midland in the 1st quarter worth approximately $704,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Down 0.9 %

Archer-Daniels-Midland stock opened at $96.78 on Thursday. Archer-Daniels-Midland Company has a fifty-two week low of $61.80 and a fifty-two week high of $98.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 1.51. The firm has a 50 day moving average price of $89.45 and a 200 day moving average price of $85.09. The company has a market capitalization of $53.16 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.79 and a beta of 0.85.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last posted its earnings results on Tuesday, October 25th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.45. Archer-Daniels-Midland had a net margin of 4.16% and a return on equity of 17.75%. The firm had revenue of $24.68 billion during the quarter, compared to the consensus estimate of $22.21 billion. During the same quarter last year, the firm earned $0.97 EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. Research analysts expect that Archer-Daniels-Midland Company will post 7.4 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 16th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.65%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 22.07%.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 300,000 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $93.38, for a total value of $28,014,000.00. Following the completion of the sale, the chief executive officer now owns 412,842 shares in the company, valued at approximately $38,551,185.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $93.38, for a total value of $28,014,000.00. Following the completion of the transaction, the chief executive officer now owns 412,842 shares of the company’s stock, valued at approximately $38,551,185.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Juan R. Luciano sold 284,531 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $91.20, for a total transaction of $25,949,227.20. Following the completion of the transaction, the chief executive officer now directly owns 412,842 shares of the company’s stock, valued at approximately $37,651,190.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 584,631 shares of company stock worth $53,972,041. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADM. Wolfe Research began coverage on shares of Archer-Daniels-Midland in a research note on Friday, August 12th. They issued an “outperform” rating and a $117.00 target price on the stock. Seaport Res Ptn reissued a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 27th. StockNews.com upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 3rd. Robert W. Baird raised their price target on shares of Archer-Daniels-Midland from $94.00 to $98.00 and gave the stock an “outperform” rating in a report on Wednesday, October 26th. Finally, Bank of America cut their price target on shares of Archer-Daniels-Midland from $104.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, October 24th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Archer-Daniels-Midland Company Profile

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Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

See Also

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADMGet Rating).

Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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