Caprock Group LLC Invests $257,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Caprock Group LLC bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,249 shares of the company’s stock, valued at approximately $257,000.

Other institutional investors have also made changes to their positions in the company. Cherry Tree Wealth Management LLC purchased a new position in shares of Archer-Daniels-Midland in the first quarter worth approximately $27,000. Riverview Trust Co purchased a new position in Archer-Daniels-Midland during the second quarter valued at approximately $27,000. Crewe Advisors LLC purchased a new position in Archer-Daniels-Midland during the first quarter valued at approximately $30,000. Sachetta LLC purchased a new position in Archer-Daniels-Midland during the fourth quarter valued at approximately $38,000. Finally, Rise Advisors LLC purchased a new position in Archer-Daniels-Midland during the first quarter valued at approximately $34,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland 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 in the company, valued at approximately $16,047,857.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by company insiders.

Archer-Daniels-Midland Trading Up 1.3 %

Archer-Daniels-Midland stock opened at $60.39 on Friday. The business’s 50-day simple moving average is $61.03 and its 200-day simple moving average is $60.65. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $80.96. The firm has a market capitalization of $29.86 billion, a PE ratio of 10.59 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 results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same quarter last year, the firm earned $1.89 earnings per share. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. Equities research analysts forecast 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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. 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 report on Monday, July 15th. JPMorgan Chase & Co. lifted 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. Finally, UBS Group increased 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. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $65.62.

Archer-Daniels-Midland Company 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.