Edgestream Partners L.P. Boosts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Edgestream Partners L.P. increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 110.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,132 shares of the company’s stock after purchasing an additional 11,594 shares during the quarter. Edgestream Partners L.P.’s holdings in Archer-Daniels-Midland were worth $1,338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. NBC Securities Inc. grew its stake in Archer-Daniels-Midland by 9.6% during the 1st quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock worth $114,000 after purchasing an additional 159 shares in the last quarter. Quent Capital LLC boosted its position in shares of Archer-Daniels-Midland by 8.2% during the 2nd quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock worth $130,000 after acquiring an additional 164 shares in the last quarter. Focused Wealth Management Inc boosted its position in shares of Archer-Daniels-Midland by 3.3% during the 2nd quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock worth $323,000 after acquiring an additional 169 shares in the last quarter. Accordant Advisory Group Inc boosted its position in shares of Archer-Daniels-Midland by 0.8% during the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock worth $1,418,000 after acquiring an additional 176 shares in the last quarter. Finally, CHICAGO TRUST Co NA boosted its position in shares of Archer-Daniels-Midland by 4.4% during the 1st quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock worth $264,000 after acquiring an additional 177 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADM has been the subject of several research reports. JPMorgan Chase & Co. boosted their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. UBS Group upped their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Citigroup reduced their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note 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 MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and an average target price of $65.62.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $61.36 on Friday. The business’s fifty day moving average price is $60.75 and its two-hundred day moving average price is $60.92. The stock has a market cap of $30.34 billion, a PE ratio of 10.76 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 Company has a one year low of $50.72 and a one year high of $79.51.

Archer-Daniels-Midland (NYSE:ADM) last announced its 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 net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same quarter last year, the company posted $1.89 EPS. Archer-Daniels-Midland’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction dated 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 directly owns 265,210 shares in the company, valued at $16,177,810. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland 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 sale, 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. Insiders have sold 219,348 shares of company stock valued at $13,296,833 over the last three months. 1.20% of the stock is owned by company insiders.

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.