Symmetry Investments LP Invests $2 Million in Archer-Daniels-Midland Company (NYSE:ADM)

Symmetry Investments LP purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 33,045 shares of the company’s stock, valued at approximately $1,998,000.

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

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Juan R. Luciano sold 45,471 shares of the business’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 completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $16,177,810. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is owned by company insiders.

Archer-Daniels-Midland Price Performance

ADM opened at $61.36 on Friday. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $79.51. 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 capitalization of $30.34 billion, a price-to-earnings ratio of 10.76 and a beta of 0.72. The firm’s fifty day moving average price is $60.75 and its two-hundred day moving average price is $60.92.

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 the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. As a group, analysts anticipate that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is 35.09%.

Analyst Upgrades and Downgrades

ADM has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target 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. UBS Group upped their price objective 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, Citigroup lowered their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $65.62.

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.