SG Americas Securities LLC Grows Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

SG Americas Securities LLC raised its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 107.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,036 shares of the company’s stock after acquiring an additional 80,837 shares during the period. SG Americas Securities LLC’s holdings in Archer-Daniels-Midland were worth $9,322,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cherry Tree Wealth Management LLC bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter worth approximately $27,000. Riverview Trust Co bought a new stake in shares of Archer-Daniels-Midland during the second quarter worth $27,000. Altshuler Shaham Ltd purchased a new stake in shares of Archer-Daniels-Midland during the second quarter valued at $28,000. Crewe Advisors LLC bought a new position in shares of Archer-Daniels-Midland in the first quarter worth about $30,000. Finally, Rise Advisors LLC purchased a new position in Archer-Daniels-Midland in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Insider Activity

In related news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,348 shares of company stock worth $13,296,833. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $59.23 on Friday. The stock’s 50-day moving average is $59.87 and its 200 day moving average is $61.13. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $77.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The company has a market cap of $29.29 billion, a P/E ratio of 10.39 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.89 earnings per share. 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. Stockholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is presently 35.09%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ADM shares. JPMorgan Chase & Co. boosted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. UBS Group increased their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Citigroup decreased their target price 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 investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and an average target price of $65.62.

About Archer-Daniels-Midland

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.