Archer-Daniels-Midland Company (NYSE:ADM) Stock Position Increased by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,140 shares of the company’s stock after buying an additional 355 shares during the quarter. Patrick M Sweeney & Associates Inc.’s holdings in Archer-Daniels-Midland were worth $367,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. RFG Advisory LLC bought a new stake in shares of Archer-Daniels-Midland in the 1st quarter worth approximately $208,000. Gateway Investment Advisers LLC lifted its position in shares of Archer-Daniels-Midland by 73.2% during the 1st quarter. Gateway Investment Advisers LLC now owns 11,728 shares of the company’s stock valued at $737,000 after acquiring an additional 4,955 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in shares of Archer-Daniels-Midland by 40.7% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 16,355 shares of the company’s stock worth $1,027,000 after acquiring an additional 4,732 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Archer-Daniels-Midland by 6.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,486 shares of the company’s stock worth $2,355,000 after acquiring an additional 2,126 shares during the last quarter. Finally, Indiana Trust & Investment Management CO raised its position in shares of Archer-Daniels-Midland by 156.3% during the first quarter. Indiana Trust & Investment Management CO now owns 1,804 shares of the company’s stock worth $113,000 after purchasing an additional 1,100 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $56.08 on Thursday. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $77.35. The stock’s 50-day moving average is $59.31 and its two-hundred day moving average is $60.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The firm has a market cap of $27.73 billion, a P/E ratio of 9.84 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). The firm had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 EPS. Analysts predict that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is presently 35.09%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. 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 report on Monday, July 15th. JPMorgan Chase & Co. boosted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, UBS Group boosted their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $65.62.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,348 shares of company stock worth $13,296,833. Corporate 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.