Exeter Financial LLC Purchases 331 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Exeter Financial LLC boosted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,793 shares of the company’s stock after purchasing an additional 331 shares during the quarter. Exeter Financial LLC’s holdings in Archer-Daniels-Midland were worth $1,481,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Pacifica Partners Inc. raised its holdings in Archer-Daniels-Midland by 10.6% in the third quarter. Pacifica Partners Inc. now owns 6,769 shares of the company’s stock worth $404,000 after purchasing an additional 649 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Archer-Daniels-Midland by 1.9% during the third quarter. Mather Group LLC. now owns 221,161 shares of the company’s stock valued at $13,212,000 after acquiring an additional 4,200 shares in the last quarter. City Center Advisors LLC increased its holdings in shares of Archer-Daniels-Midland by 35.1% during the third quarter. City Center Advisors LLC now owns 6,080 shares of the company’s stock valued at $363,000 after acquiring an additional 1,580 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of Archer-Daniels-Midland by 10.6% during the third quarter. Azzad Asset Management Inc. ADV now owns 35,176 shares of the company’s stock valued at $2,101,000 after acquiring an additional 3,378 shares in the last quarter. Finally, Czech National Bank increased its holdings in shares of Archer-Daniels-Midland by 3.4% during the third quarter. Czech National Bank now owns 97,402 shares of the company’s stock valued at $5,819,000 after acquiring an additional 3,182 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Trading Down 0.6 %

Archer-Daniels-Midland stock opened at $58.86 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 0.88 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 stock’s 50 day simple moving average is $59.87 and its two-hundred day simple moving average is $61.13. The firm has a market cap of $29.10 billion, a PE ratio of 10.33 and a beta of 0.72.

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). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. During the same quarter last year, the business earned $1.89 EPS. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Analysts anticipate that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current 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 $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 3.40%. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the firm’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 transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the firm’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 transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of the firm’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 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,348 shares of company stock worth $13,296,833. Corporate insiders own 1.20% of the company’s stock.

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.