Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,107 shares of the company’s stock after purchasing an additional 178 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Archer-Daniels-Midland were worth $1,577,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise grew its position in Archer-Daniels-Midland by 83.7% in the 1st quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock valued at $1,879,000 after acquiring an additional 13,626 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Archer-Daniels-Midland by 14.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock valued at $271,000 after buying an additional 462 shares during the period. Madison Asset Management LLC grew its stake 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 worth $27,728,000 after acquiring an additional 60,313 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Archer-Daniels-Midland during the fourth quarter worth $1,942,000. Finally, Victory Capital Management Inc. raised its stake 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 acquiring an additional 138,806 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Up 0.4 %

Shares of Archer-Daniels-Midland stock traded up $0.25 during trading hours on Wednesday, hitting $62.47. The company had a trading volume of 837,387 shares, compared to its average volume of 5,056,122. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88. The company’s 50-day moving average is $61.77 and its two-hundred day moving average is $60.13. The company has a market cap of $30.89 billion, a P/E ratio of 10.98 and a beta of 0.74. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm had revenue of $21.85 billion during the quarter, compared to analysts’ expectations of $22.26 billion. During the same period in the previous year, the company earned $2.09 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 9.2% compared to the same quarter last year. Analysts anticipate that Archer-Daniels-Midland Company will post 5.56 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Insider Activity

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the sale, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their price target 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. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $67.43.

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.