nVerses Capital LLC Makes New $1.08 Million Investment in Archer-Daniels-Midland Company (NYSE:ADM)

nVerses Capital LLC acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,100 shares of the company's stock, valued at approximately $1,081,000. Archer-Daniels-Midland comprises 0.5% of nVerses Capital LLC's investment portfolio, making the stock its 15th largest position.

Other institutional investors have also bought and sold shares of the company. EP Wealth Advisors LLC raised its holdings in Archer-Daniels-Midland by 33.7% during the 4th quarter. EP Wealth Advisors LLC now owns 8,486 shares of the company's stock valued at $613,000 after acquiring an additional 2,139 shares during the period. SageView Advisory Group LLC bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at $314,000. HighPoint Advisor Group LLC bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at $708,000. NBC Securities Inc. raised its holdings in Archer-Daniels-Midland by 9.6% during the 1st quarter. NBC Securities Inc. now owns 1,815 shares of the company's stock valued at $114,000 after acquiring an additional 159 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Archer-Daniels-Midland by 33.3% during the 1st quarter. GAMMA Investing LLC now owns 3,961 shares of the company's stock valued at $249,000 after acquiring an additional 989 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

ADM traded up $0.34 during trading on Thursday, reaching $58.63. The stock had a trading volume of 2,005,128 shares, compared to its average volume of 4,344,028. The business has a 50-day moving average of $59.49 and a 200-day moving average of $60.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $77.35. The stock has a market cap of $28.99 billion, a PE ratio of 10.29 and a beta of 0.72.

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 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 business had revenue of $22.25 billion for the quarter, compared to analysts' expectations of $23.12 billion. During the same quarter in the previous year, the company earned $1.89 earnings per share. The business's quarterly revenue was down 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.41%. Archer-Daniels-Midland's payout ratio is 35.09%.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now owns 265,210 shares of the company's stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock worth $13,296,833 over the last three months. Company insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ADM shares. JPMorgan Chase & Co. upped 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. UBS Group upped 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. Finally, Citigroup decreased their price target on shares of 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 equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $65.62.

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.