American Century Companies Inc. Acquires 29,184 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

American Century Companies Inc. lifted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 11.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 277,696 shares of the company’s stock after acquiring an additional 29,184 shares during the quarter. American Century Companies Inc. owned 0.06% of Archer-Daniels-Midland worth $16,787,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cherry Tree Wealth Management LLC purchased a new stake in Archer-Daniels-Midland during the first quarter valued at about $27,000. Riverview Trust Co purchased a new stake in Archer-Daniels-Midland during the 2nd quarter valued at about $27,000. Crewe Advisors LLC bought a new position in Archer-Daniels-Midland during the 1st quarter worth approximately $30,000. Rise Advisors LLC bought a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $34,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Archer-Daniels-Midland during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The transaction was disclosed in a 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 the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, 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 in the last 90 days. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $61.36 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The stock has a market cap of $30.34 billion, a price-to-earnings ratio of 10.76 and a beta of 0.72. The business’s fifty day moving average is $60.75 and its 200 day moving average is $60.92. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $79.51.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter in the previous year, the business earned $1.89 earnings per share. The firm’s revenue was down 11.7% compared to the same quarter last year. Research analysts expect that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Wall Street Analyst Weigh In

ADM has been the topic of several analyst reports. UBS Group lifted their target price 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. JPMorgan Chase & Co. increased their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Citigroup reduced their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $65.62.

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.