Bokf Na Raises Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Bokf Na boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 3.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,989 shares of the company’s stock after buying an additional 319 shares during the quarter. Bokf Na’s holdings in Archer-Daniels-Midland were worth $543,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Johnson Investment Counsel Inc. boosted its holdings in Archer-Daniels-Midland by 38.3% in the second quarter. Johnson Investment Counsel Inc. now owns 12,247 shares of the company’s stock valued at $740,000 after acquiring an additional 3,394 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Archer-Daniels-Midland by 11.7% in the second quarter. American Century Companies Inc. now owns 277,696 shares of the company’s stock worth $16,787,000 after buying an additional 29,184 shares during the last quarter. Athena Investment Management raised its stake in shares of Archer-Daniels-Midland by 1.6% in the 2nd quarter. Athena Investment Management now owns 14,280 shares of the company’s stock valued at $863,000 after purchasing an additional 229 shares in the last quarter. Sachetta LLC raised its stake in Archer-Daniels-Midland by 39.8% during the second quarter. Sachetta LLC now owns 737 shares of the company’s stock valued at $46,000 after buying an additional 210 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in Archer-Daniels-Midland by 9.3% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 3,710 shares of the company’s stock worth $224,000 after buying an additional 316 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The sale 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 Archer-Daniels-Midland stock in a transaction dated Friday, August 30th. The stock was 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 directly owns 265,210 shares in the company, valued at approximately $16,177,810. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,348 shares of company stock valued at $13,296,833. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $60.41 on Tuesday. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $80.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The stock has a fifty day moving average price of $60.97 and a two-hundred day moving average price of $60.81. The firm has a market cap of $29.87 billion, a P/E ratio of 10.60 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (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 firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. Archer-Daniels-Midland’s revenue was down 11.7% on a year-over-year basis. Research analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.31%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Analyst Ratings Changes

A number of research firms have commented on ADM. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. UBS Group raised their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. upped their price objective 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. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.62.

About Archer-Daniels-Midland

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.