Banque Cantonale Vaudoise Raises Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Banque Cantonale Vaudoise raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 57.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,105 shares of the company’s stock after acquiring an additional 17,191 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Archer-Daniels-Midland were worth $2,847,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in Archer-Daniels-Midland by 14.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock valued at $271,000 after acquiring an additional 462 shares during the last quarter. Madison Asset Management LLC raised its holdings in shares of Archer-Daniels-Midland by 18.6% in the fourth quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock valued at $27,728,000 after buying an additional 60,313 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $1,942,000. Victory Capital Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock valued at $29,946,000 after buying an additional 138,806 shares during the last quarter. Finally, Eudaimonia Partners LLC raised its holdings in Archer-Daniels-Midland by 39.8% during the fourth quarter. Eudaimonia Partners LLC now owns 15,945 shares of the company’s stock worth $1,152,000 after purchasing an additional 4,537 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded up $0.15 during trading hours on Friday, hitting $60.99. The company’s stock had a trading volume of 3,369,054 shares, compared to its average volume of 4,677,056. The business has a fifty day moving average of $61.31 and a 200-day moving average of $60.20. The stock has a market cap of $30.16 billion, a price-to-earnings ratio of 10.70 and a beta of 0.74. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $81.70. 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 (NYSE:ADM) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The business had revenue of $22.25 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $1.89 earnings per share. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.41 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be given a $0.50 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Company 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.