Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,095 shares of the company’s stock after acquiring an additional 2,033 shares during the period. Stanley Laman Group Ltd.’s holdings in Archer-Daniels-Midland were worth $3,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. NBC Securities Inc. grew its holdings in Archer-Daniels-Midland by 9.6% during the first quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock worth $114,000 after acquiring an additional 159 shares during the period. Quent Capital LLC grew its holdings in Archer-Daniels-Midland by 8.2% in the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after purchasing an additional 164 shares during the last quarter. CHICAGO TRUST Co NA grew its holdings in Archer-Daniels-Midland by 4.4% in the first quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock valued at $264,000 after purchasing an additional 177 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Archer-Daniels-Midland by 0.7% in the first quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock valued at $1,577,000 after purchasing an additional 178 shares during the last quarter. Finally, Wesbanco Bank Inc. grew its holdings in Archer-Daniels-Midland by 4.5% in the first quarter. Wesbanco Bank Inc. now owns 4,143 shares of the company’s stock valued at $260,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ADM. 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. JPMorgan Chase & Co. upped their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $64.62.

Archer-Daniels-Midland Trading Up 0.4 %

NYSE ADM traded up $0.23 during trading hours on Friday, hitting $59.09. 2,036,633 shares of the company’s stock were exchanged, compared to its average volume of 4,848,712. The business’s 50 day moving average is $61.40 and its 200-day moving average is $59.79. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $83.15. The firm has a market capitalization of $29.22 billion, a P/E ratio of 10.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share 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 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 company posted $1.89 earnings per share. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, analysts anticipate that Archer-Daniels-Midland Company will post 5.41 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be issued a $0.50 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.38%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Insider Transactions at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total value of $419,279.92. Following the transaction, the insider now directly owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland 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.