B. Riley Wealth Advisors Inc. Has $4.17 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

B. Riley Wealth Advisors Inc. boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,982 shares of the company’s stock after purchasing an additional 1,405 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $4,170,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC boosted its stake in Archer-Daniels-Midland by 5.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,040 shares of the company’s stock valued at $870,000 after buying an additional 675 shares in the last quarter. Alberta Investment Management Corp boosted its stake in shares of Archer-Daniels-Midland by 39.0% in the 4th quarter. Alberta Investment Management Corp now owns 27,250 shares of the company’s stock valued at $1,968,000 after purchasing an additional 7,650 shares in the last quarter. KBC Group NV grew its holdings in shares of Archer-Daniels-Midland by 105.6% during the 4th quarter. KBC Group NV now owns 523,994 shares of the company’s stock valued at $37,842,000 after purchasing an additional 269,190 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Archer-Daniels-Midland during the 4th quarter worth approximately $321,000. Finally, NEOS Investment Management LLC lifted its stake in Archer-Daniels-Midland by 44.0% in the 4th quarter. NEOS Investment Management LLC now owns 7,555 shares of the company’s stock valued at $546,000 after purchasing an additional 2,310 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $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 3,683 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, the chief executive officer now 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 a total of 219,348 shares of company stock worth $13,296,833 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group upped their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. JPMorgan Chase & Co. upped their target price on 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 cut their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $65.62.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $59.74 on Tuesday. 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 one year low of $50.72 and a one year high of $77.35. The business’s 50 day simple moving average is $60.19 and its 200 day simple moving average is $61.17. The stock has a market capitalization of $29.54 billion, a PE ratio of 10.48 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is 35.09%.

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.