15,867 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Purchased by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. acquired a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,867 shares of the company’s stock, valued at approximately $974,000.

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

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the business’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 value of $224,663.00. Following the sale, 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 can be accessed through the SEC website. In other news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of the company’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 directly owns 265,210 shares in the company, valued at approximately $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 quarter. 1.20% of the stock is owned by company insiders.

Archer-Daniels-Midland Stock Down 0.4 %

ADM stock opened at $59.53 on Wednesday. The firm has a market cap of $29.43 billion, a PE ratio of 10.44 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The firm’s 50 day moving average price is $60.14 and its 200-day moving average price is $61.17. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (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 analysts’ expectations of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 EPS. On average, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is 35.09%.

Wall Street Analysts Forecast Growth

ADM has been the topic of several recent research reports. UBS Group boosted their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Citigroup lowered their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. boosted their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $65.62.

About Archer-Daniels-Midland

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.