Kimelman & Baird LLC Takes $249,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Kimelman & Baird LLC bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,116 shares of the company’s stock, valued at approximately $249,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC acquired a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $27,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland during the 2nd quarter valued at approximately $27,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland during the 2nd quarter worth approximately $28,000. Crewe Advisors LLC acquired a new position in shares of Archer-Daniels-Midland in the 1st quarter worth approximately $30,000. Finally, Rise Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the 1st quarter valued at $34,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Down 0.4 %

Shares of NYSE ADM opened at $59.74 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $77.35. The stock has a market capitalization of $29.54 billion, a P/E ratio of 10.48 and a beta of 0.72. The company has a 50-day moving average price of $60.19 and a 200-day moving average price of $61.17.

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

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is 35.09%.

Analysts Set New Price Targets

Several research firms recently issued reports on ADM. Citigroup dropped their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. UBS Group upped their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $65.62.

Insider Transactions at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $16,047,857.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $2,773,731.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock worth $13,296,833 in the last quarter. 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.