Johnson Investment Counsel Inc. Has $740,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Johnson Investment Counsel Inc. increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 38.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,247 shares of the company’s stock after acquiring an additional 3,394 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Archer-Daniels-Midland were worth $740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. increased its position in Archer-Daniels-Midland by 11.7% during the second quarter. American Century Companies Inc. now owns 277,696 shares of the company’s stock worth $16,787,000 after acquiring an additional 29,184 shares during the period. Athena Investment Management increased its position in Archer-Daniels-Midland by 1.6% during the second quarter. Athena Investment Management now owns 14,280 shares of the company’s stock worth $863,000 after acquiring an additional 229 shares during the period. Sachetta LLC increased its position in Archer-Daniels-Midland by 39.8% during the second quarter. Sachetta LLC now owns 737 shares of the company’s stock worth $46,000 after acquiring an additional 210 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in Archer-Daniels-Midland by 9.3% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,710 shares of the company’s stock worth $224,000 after acquiring an additional 316 shares during the period. Finally, Invesco LLC increased its holdings in Archer-Daniels-Midland by 5.2% in the 2nd quarter. Invesco LLC now owns 14,746 shares of the company’s stock valued at $891,000 after buying an additional 734 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

ADM opened at $60.39 on Friday. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $80.96. 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 company’s 50 day simple moving average is $61.03 and its 200-day simple moving average is $60.71. The stock has a market capitalization of $29.86 billion, a P/E ratio of 10.59 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same quarter in the prior year, the company earned $1.89 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed 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 3.31%. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ADM. Citigroup lowered their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. UBS Group boosted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.62.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares in the company, 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. Company insiders own 1.20% of the company’s stock.

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.