Vest Financial LLC Buys 63,716 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Vest Financial LLC raised its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 8.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 782,428 shares of the company's stock after acquiring an additional 63,716 shares during the quarter. Vest Financial LLC owned approximately 0.16% of Archer-Daniels-Midland worth $46,742,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ADM. NBC Securities Inc. grew its position in Archer-Daniels-Midland by 9.6% in the first quarter. NBC Securities Inc. now owns 1,815 shares of the company's stock worth $114,000 after buying an additional 159 shares during the last quarter. Quent Capital LLC boosted its stake in shares of Archer-Daniels-Midland by 8.2% during the 2nd quarter. Quent Capital LLC now owns 2,158 shares of the company's stock worth $130,000 after acquiring an additional 164 shares in the last quarter. Focused Wealth Management Inc grew its holdings in shares of Archer-Daniels-Midland by 3.3% in the 2nd quarter. Focused Wealth Management Inc now owns 5,338 shares of the company's stock worth $323,000 after acquiring an additional 169 shares during the last quarter. Accordant Advisory Group Inc raised its position in shares of Archer-Daniels-Midland by 0.8% during the second quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company's stock worth $1,418,000 after purchasing an additional 176 shares during the period. Finally, CHICAGO TRUST Co NA boosted its position in shares of Archer-Daniels-Midland by 4.4% in the 1st quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company's stock valued at $264,000 after purchasing an additional 177 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 3,683 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated Tuesday, September 3rd. The stock was 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. The trade was 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 that occurred 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 sale, the chief executive officer now owns 265,210 shares of the company's stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 over the last 90 days. Insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ADM. 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. 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. Finally, Citigroup lowered 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 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.com, the stock currently has a consensus rating of "Hold" and an average price target of $65.62.

Archer-Daniels-Midland Stock Down 3.8 %

NYSE ADM traded down $2.23 during trading on Friday, reaching $56.40. The company's stock had a trading volume of 4,330,159 shares, compared to its average volume of 4,343,953. The business has a 50-day moving average price of $59.45 and a 200-day moving average price of $60.80. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $77.35. The stock has a market capitalization of $27.89 billion, a PE ratio of 9.89 and a beta of 0.72. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data 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). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. The company's revenue for the quarter was down 11.7% on a year-over-year basis. On average, research analysts forecast that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal 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 dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.55%. Archer-Daniels-Midland's payout ratio is currently 35.09%.

Archer-Daniels-Midland 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.