Gabelli Funds LLC Has $14.87 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Gabelli Funds LLC trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 245,900 shares of the company’s stock after selling 16,100 shares during the quarter. Gabelli Funds LLC’s holdings in Archer-Daniels-Midland were worth $14,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Symmetry Investments LP acquired a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth $1,998,000. Ensign Peak Advisors Inc boosted its holdings in Archer-Daniels-Midland by 1.4% in the second quarter. Ensign Peak Advisors Inc now owns 513,681 shares of the company’s stock worth $31,052,000 after purchasing an additional 7,200 shares in the last quarter. Summit Trail Advisors LLC acquired a new position in Archer-Daniels-Midland during the second quarter worth $251,000. Pacer Advisors Inc. raised its holdings in Archer-Daniels-Midland by 15,790.1% during the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock valued at $459,232,000 after buying an additional 7,549,083 shares in the last quarter. Finally, AE Wealth Management LLC lifted its position in shares of Archer-Daniels-Midland by 157.5% in the second quarter. AE Wealth Management LLC now owns 76,185 shares of the company’s stock worth $4,605,000 after buying an additional 46,595 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADM. Citigroup cut their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, 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. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and an average price target of $65.62.

Archer-Daniels-Midland Trading Down 0.7 %

Shares of ADM opened at $60.91 on Tuesday. The stock’s 50-day moving average price is $60.70 and its 200 day moving average price is $61.07. 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. The firm has a market capitalization of $30.12 billion, a price-to-earnings ratio of 10.69 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last issued its 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). The firm had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 earnings per share. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

Insider Buying and Selling

In other news, CEO Juan R. Luciano sold 170,194 shares of the company’s 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction 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 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 legal filing with the SEC, which is available through this link. Also, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The disclosure for this sale can be found here. Insiders sold 219,348 shares of company stock valued at $13,296,833 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

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.