Sage Capital Advisors llc Buys Shares of 126,369 Archer-Daniels-Midland Company (NYSE:ADM)

Sage Capital Advisors llc bought a new position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 126,369 shares of the company's stock, valued at approximately $7,549,000. Archer-Daniels-Midland comprises about 2.0% of Sage Capital Advisors llc's investment portfolio, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of ADM. Cherry Tree Wealth Management LLC acquired a new position in Archer-Daniels-Midland during the 1st quarter valued at about $27,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland in the 2nd quarter valued at $27,000. Altshuler Shaham Ltd bought a new stake in Archer-Daniels-Midland during the second quarter worth about $28,000. Crewe Advisors LLC bought a new position in shares of Archer-Daniels-Midland in the first quarter valued at $30,000. Finally, Rise Advisors LLC bought a new position in Archer-Daniels-Midland during the first quarter worth about $34,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Ratings Changes

ADM has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a "neutral" rating on the stock in a research report on Monday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Finally, UBS Group upped their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a "neutral" rating in a report on Monday, September 9th. 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $65.62.

Archer-Daniels-Midland Trading Down 1.0 %

Shares of NYSE:ADM traded down $0.58 during trading on Wednesday, reaching $56.97. 2,454,409 shares of the company were exchanged, compared to its average volume of 4,419,502. 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 capitalization of $28.17 billion, a PE ratio of 10.10 and a beta of 0.72. The business's fifty day simple moving average is $59.68 and its 200-day simple moving average is $61.07. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $77.35.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.19). The business had revenue of $22.25 billion for the quarter, compared to analysts' expectations of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business's quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. On average, research analysts anticipate that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. Archer-Daniels-Midland's payout ratio is currently 35.09%.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 that occurred on Friday, August 30th. The stock was 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 of the company's stock, valued at $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,348 shares of company stock valued at $13,296,833. Corporate insiders own 1.20% of the company's stock.

About Archer-Daniels-Midland

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.