Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. increased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 38.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,370 shares of the company’s stock after buying an additional 655 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Archer-Daniels-Midland were worth $143,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Archer-Daniels-Midland by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock worth $4,260,165,000 after purchasing an additional 7,320,289 shares during the last quarter. Norges Bank bought a new position in Archer-Daniels-Midland during the 4th quarter valued at about $420,457,000. Jacobs Levy Equity Management Inc. boosted its stake in Archer-Daniels-Midland by 141.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock worth $187,885,000 after purchasing an additional 1,753,077 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Archer-Daniels-Midland by 11.1% in the fourth quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock worth $1,106,830,000 after acquiring an additional 1,532,284 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Archer-Daniels-Midland by 40.7% in the 1st quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock valued at $207,847,000 after buying an additional 957,270 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Insider Transactions at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the transaction, the insider now owns 8,555 shares in the company, valued at $519,545.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Citigroup decreased their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $64.62.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM traded down $0.33 during midday trading on Friday, reaching $58.15. 193,718 shares of the company traded hands, compared to its average volume of 4,915,031. The firm’s fifty day moving average price is $61.77 and its two-hundred day moving average price is $59.54. 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 $86.89. The firm has a market capitalization of $28.75 billion, a price-to-earnings ratio of 10.26 and a beta of 0.74.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter in the prior year, the company earned $1.89 earnings per share. Archer-Daniels-Midland’s revenue was down 11.7% compared to the same quarter last year. On average, equities analysts expect that Archer-Daniels-Midland Company will post 5.41 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.44%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

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.