Axxcess Wealth Management LLC Acquires New Position in Archer-Daniels-Midland Company (NYSE:ADM)

Axxcess Wealth Management LLC acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADMGet Rating) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,328 shares of the company’s stock, valued at approximately $569,000.

A number of other hedge funds have also recently added to or reduced their stakes in ADM. First Community Trust NA acquired a new stake in shares of Archer-Daniels-Midland during the 2nd quarter valued at approximately $27,000. ACG Wealth acquired a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its position in shares of Archer-Daniels-Midland by 160.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 339 shares of the company’s stock worth $27,000 after purchasing an additional 209 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $31,000. Finally, Wagner Wealth Management LLC acquired a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 300,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $93.38, for a total value of $28,014,000.00. Following the completion of the transaction, the chief executive officer now directly owns 412,842 shares in the company, valued at $38,551,185.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Juan R. Luciano sold 300,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $93.38, for a total transaction of $28,014,000.00. Following the completion of the sale, the chief executive officer now directly owns 412,842 shares of the company’s stock, valued at $38,551,185.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Juan R. Luciano sold 284,531 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $91.20, for a total transaction of $25,949,227.20. Following the sale, the chief executive officer now directly owns 412,842 shares of the company’s stock, valued at $37,651,190.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 584,631 shares of company stock worth $53,972,041. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $96.78 on Thursday. Archer-Daniels-Midland Company has a 12 month low of $61.80 and a 12 month high of $98.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.51 and a quick ratio of 0.93. The firm has a market capitalization of $53.16 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.79 and a beta of 0.85. The company’s fifty day moving average price is $89.45 and its two-hundred day moving average price is $85.09.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.45. Archer-Daniels-Midland had a net margin of 4.16% and a return on equity of 17.75%. The firm had revenue of $24.68 billion for the quarter, compared to analyst estimates of $22.21 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. On average, research analysts anticipate that Archer-Daniels-Midland Company will post 7.4 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, November 15th. Archer-Daniels-Midland’s dividend payout ratio is presently 22.07%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wolfe Research assumed coverage on shares of Archer-Daniels-Midland in a research note on Friday, August 12th. They issued an “outperform” rating and a $117.00 target price for the company. Seaport Res Ptn reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 27th. StockNews.com raised shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 3rd. Robert W. Baird boosted their price objective on shares of Archer-Daniels-Midland from $94.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, October 26th. Finally, Bank of America lowered their price objective on shares of Archer-Daniels-Midland from $104.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, October 24th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Archer-Daniels-Midland Company Profile

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Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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