Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lessened its position in Archer-Daniels-Midland Company (NYSE:ADM) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,231 shares of the company’s stock after selling 278 shares during the period. SeaCrest Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $768,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise raised its position in shares of Archer-Daniels-Midland by 83.7% in the first quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock valued at $1,879,000 after buying an additional 13,626 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Archer-Daniels-Midland by 12.8% in the fourth quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock valued at $88,534,000 after buying an additional 139,064 shares during the last quarter. Quadrant Capital Group LLC increased its position in Archer-Daniels-Midland by 14.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock worth $271,000 after purchasing an additional 462 shares during the last quarter. Madison Asset Management LLC increased its position in Archer-Daniels-Midland by 18.6% during the fourth quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock worth $27,728,000 after purchasing an additional 60,313 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new position in Archer-Daniels-Midland during the fourth quarter worth approximately $1,942,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the transaction, the insider now directly owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $62.65 on Thursday. The company has a market capitalization of $30.98 billion, a PE ratio of 10.99 and a beta of 0.74. The firm has a fifty day simple moving average of $60.92 and a 200-day simple moving average of $61.01. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 earnings per share. Equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.62 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its board has approved a share buyback plan on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Analysts Set New Price Targets

Several brokerages recently commented on ADM. Citigroup upped their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Bank of America dropped their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. BMO Capital Markets dropped their price target on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, March 13th. Finally, Jefferies Financial Group dropped their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.50.

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.