2 weeks Ago By ABMN Staff
Quarry LP grew its position in shares of Archer-Daniels-Midland Company ( NYSE:ADM – Free Report ) by 54.4% during the 2nd quarter, Holdings Channel.com reports.
The institutional investor owned 38,054 shares of the company’s stock after buying an additional 13,412 shares during the quarter. Quarry LP’s holdings in Archer-Daniels-Midland were worth $2,300,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds and other institutional investors have also recently modified their holdings of ADM.
Steward Partners Investment Advisory LLC grew its stake in Archer-Daniels-Midland by 5.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,040 shares of the company’s stock valued at $870,000 after purchasing an additional 675 shares during the period.
Focus Financial Network Inc. ADV bought a new position in Archer-Daniels-Midland during the fourth quarter valued at about $447,000. Alberta Investment Management Corp grew its position in Archer-Daniels-Midland by 39.
0% during the fourth quarter. Alberta Investment Management Corp now owns 27,250 shares of the company’s stock valued at $1,968,000 after buying an additional 7,650 shares during the period. KBC Group NV increased its holdings in Archer-Daniels-Midland by 105.
6% during the fourth quarter. KBC Group NV now owns 523,994 shares of the company’s stock worth $37,842,000 after buying an additional 269,190 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in Archer-Daniels-Midland in the fourth quarter valued at about $321,000.
Hedge funds and other institutional investors own 78.28% of the company’s stock. Insider Buying and Selling In other Archer-Daniels-Midland news, CEO Juan R.
Luciano sold 45,471 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.
00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a filing with the SEC, which is available through this link .
In related news, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.
00, for a total value of $2,773,731.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction on Wednesday, August 28th.
The shares were sold at an average price of $61.00, for a total value of $224,663.00.
Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The disclosure for this sale can be found here . Over the last three months, insiders have sold 219,348 shares of company stock worth $13,296,833.
Insiders own 1.20% of the company’s stock. Archer-Daniels-Midland Trading Up 1.
1 % Archer-Daniels-Midland ( NYSE:ADM – Get Free Report ) last announced 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). Archer-Daniels-Midland had a net margin of 2.
93% and a return on equity of 12.06%. The firm had revenue of $22.
25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same period in the previous year, the business earned $1.
89 earnings per share. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis.
On average, equities analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year. Archer-Daniels-Midland Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th.
Stockholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.
00 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Wednesday, August 21st.
Archer-Daniels-Midland’s payout ratio is 35.09%. Analyst Upgrades and Downgrades A number of equities research analysts recently commented on the stock.
UBS Group lifted 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.
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 research note on Monday, July 15th.
Finally, JPMorgan Chase & Co. increased their price target on Archer-Daniels-Midland from $65.00 to $66.
00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat.
com, the company currently has an average rating of “Hold” and a consensus price target of $65.62. View Our Latest Research Report on ADM Archer-Daniels-Midland Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company ( NYSE:ADM – Free Report ).
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