Verity & Verity LLC Has $9.10 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Verity & Verity LLC boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,504 shares of the company’s stock after purchasing an additional 2,889 shares during the quarter. Verity & Verity LLC’s holdings in Archer-Daniels-Midland were worth $9,098,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ADM. Cherry Tree Wealth Management LLC acquired a new stake in shares of Archer-Daniels-Midland during the first quarter worth about $27,000. Riverview Trust Co bought a new stake in Archer-Daniels-Midland during the 2nd quarter worth approximately $27,000. Altshuler Shaham Ltd acquired a new stake in Archer-Daniels-Midland during the 2nd quarter worth approximately $28,000. Crewe Advisors LLC bought a new position in Archer-Daniels-Midland in the first quarter valued at approximately $30,000. Finally, Rise Advisors LLC acquired a new position in shares of Archer-Daniels-Midland in the first quarter valued at approximately $34,000. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADM. JPMorgan Chase & Co. raised their price objective 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. UBS Group lifted their price target 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 report on Monday, July 15th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus target price of $65.62.

Insiders Place Their Bets

In related news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction 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 sale, the chief executive officer now 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 this hyperlink. In related news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland 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 completion of the sale, 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the firm’s 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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 over the last 90 days. 1.20% of the stock is currently owned by insiders.

Archer-Daniels-Midland Trading Down 0.4 %

Shares of Archer-Daniels-Midland stock opened at $59.53 on Wednesday. The stock has a market cap of $29.43 billion, a P/E ratio of 10.44 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.44 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 $77.35. The business’s 50 day moving average is $60.14 and its 200-day moving average is $61.17.

Archer-Daniels-Midland (NYSE:ADM) last posted 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 firm 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 posted $1.89 earnings per share. The business’s revenue was down 11.7% compared to the same quarter last year. Equities research analysts predict that Archer-Daniels-Midland Company will post 5.33 earnings per share 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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is currently 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.