4,817 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC purchased a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,817 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Cherry Tree Wealth Management LLC acquired a new stake in shares of Archer-Daniels-Midland in the first quarter worth $27,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland in the 2nd quarter worth $27,000. Altshuler Shaham Ltd acquired a new position in shares of Archer-Daniels-Midland during the second quarter valued at about $28,000. Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $30,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $34,000. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Price Performance

NYSE:ADM opened at $56.56 on Friday. The firm has a market cap of $27.97 billion, a PE ratio of 9.92 and a beta of 0.72. The company’s 50-day moving average price is $59.21 and its two-hundred day moving average price is $60.58. 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.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly 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). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter last year, the company earned $1.89 earnings per share. The firm’s revenue was down 11.7% on a year-over-year basis. On average, equities analysts anticipate that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.54%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Insiders Place Their Bets

In other 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 transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 0.00 % decrease in their position. 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 in the last 90 days. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Citigroup cut their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. JPMorgan Chase & Co. upped their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, UBS Group lifted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.83.

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.