Sage Capital Advisors llc Purchases Shares of 126,369 Archer-Daniels-Midland Company (NYSE:ADM)

Sage Capital Advisors llc acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 126,369 shares of the company’s stock, valued at approximately $7,549,000. Archer-Daniels-Midland makes up approximately 2.0% of Sage Capital Advisors llc’s holdings, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADM. Cherry Tree Wealth Management LLC bought a new position in shares of Archer-Daniels-Midland during the 1st quarter worth approximately $27,000. Riverview Trust Co bought a new position in Archer-Daniels-Midland in the second quarter valued at $27,000. Altshuler Shaham Ltd acquired a new stake in Archer-Daniels-Midland in the 2nd quarter valued at $28,000. Crewe Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter worth about $30,000. Finally, Rise Advisors LLC bought a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Citigroup reduced their price target 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. UBS Group raised their target price on shares of 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, JPMorgan Chase & Co. upped their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $65.62.

Archer-Daniels-Midland Trading Down 2.2 %

Shares of Archer-Daniels-Midland stock opened at $57.55 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The firm has a 50-day moving average of $59.78 and a 200-day moving average of $61.11. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $77.35. The stock has a market cap of $28.45 billion, a PE ratio of 10.10 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released its 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). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The business’s revenue was down 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.48%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Insider Activity

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of the 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 completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is currently owned by corporate insiders.

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.