AE Wealth Management LLC Grows Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

AE Wealth Management LLC grew its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 157.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,185 shares of the company’s stock after acquiring an additional 46,595 shares during the period. AE Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $4,605,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Banque Cantonale Vaudoise boosted its stake in Archer-Daniels-Midland by 83.7% in the 1st quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock worth $1,879,000 after purchasing an additional 13,626 shares during the period. Madison Asset Management LLC grew its stake in Archer-Daniels-Midland by 18.6% during the fourth quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock valued at $27,728,000 after acquiring an additional 60,313 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $1,942,000. Stolper Co purchased a new stake in Archer-Daniels-Midland in the 1st quarter worth approximately $2,075,000. Finally, Oak Thistle LLC bought a new position in Archer-Daniels-Midland in the 1st quarter valued at $347,000. 78.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction 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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was 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 owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the sale, the chief executive officer now owns 265,210 shares in the company, 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 three months. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Archer-Daniels-Midland Price Performance

ADM stock opened at $61.36 on Friday. The firm has a market cap of $30.34 billion, a P/E ratio of 10.76 and a beta of 0.72. The firm’s fifty day moving average is $60.75 and its 200 day moving average is $60.97. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $79.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The company had revenue of $22.25 billion during 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 quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 EPS. Research analysts predict that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is 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.