Vanguard Personalized Indexing Management LLC Has $2.89 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 22.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,785 shares of the company’s stock after buying an additional 8,944 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Archer-Daniels-Midland were worth $2,890,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ADM. Vanguard Group Inc. increased its holdings in Archer-Daniels-Midland by 12.1% in the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after purchasing an additional 7,320,289 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Archer-Daniels-Midland by 141.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock valued at $187,885,000 after purchasing an additional 1,753,077 shares during the period. Wellington Management Group LLP increased its holdings in Archer-Daniels-Midland by 11.1% in the fourth quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after purchasing an additional 1,532,284 shares during the period. ProShare Advisors LLC increased its holdings in Archer-Daniels-Midland by 40.7% in the first quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock valued at $207,847,000 after purchasing an additional 957,270 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in Archer-Daniels-Midland by 689.7% in the second quarter. AustralianSuper Pty Ltd now owns 1,008,242 shares of the company’s stock valued at $60,948,000 after purchasing an additional 880,564 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The disclosure for this sale can be found here. In 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 corporate insiders.

Archer-Daniels-Midland Price Performance

ADM stock opened at $61.36 on Friday. The stock has a market capitalization of $30.34 billion, a PE ratio of 10.76 and a beta of 0.72. The company’s 50-day moving average is $60.75 and its 200-day moving average is $60.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $79.51.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data 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 company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same period last year, the company earned $1.89 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities research analysts expect that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors 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 3.26%. Archer-Daniels-Midland’s payout ratio is 35.09%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. UBS Group increased their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Citigroup decreased their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company 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 company’s stock. According to data from MarketBeat, the company currently has a consensus 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.