Brighton Jones LLC Invests $206,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Brighton Jones LLC acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,403 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Banque Cantonale Vaudoise raised its stake in Archer-Daniels-Midland by 83.7% in the first quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock valued at $1,879,000 after buying an additional 13,626 shares during the period. Madison Asset Management LLC boosted its position in shares of Archer-Daniels-Midland by 18.6% during the 4th quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock worth $27,728,000 after acquiring an additional 60,313 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth $1,942,000. Stolper Co acquired a new stake in shares of Archer-Daniels-Midland in the 1st quarter valued at approximately $2,075,000. Finally, Oak Thistle LLC bought a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at $347,000. 78.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

Archer-Daniels-Midland Stock Performance

ADM opened at $61.36 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $79.51. The company has a market cap of $30.34 billion, a price-to-earnings 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 $61.02.

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). The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. On average, equities research analysts predict that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

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.