Laurel Wealth Planning LLC Acquires Shares of 13,000 Archer-Daniels-Midland Company (NYSE:ADM)

Laurel Wealth Planning LLC bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,000 shares of the company's stock, valued at approximately $777,000.

Several other hedge funds also recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC purchased a new position in shares of Archer-Daniels-Midland in the first quarter valued at approximately $27,000. Riverview Trust Co purchased a new position in shares of Archer-Daniels-Midland in the second quarter valued at approximately $27,000. Altshuler Shaham Ltd purchased a new position in shares of Archer-Daniels-Midland in the second quarter valued at approximately $28,000. Crewe Advisors LLC purchased a new position in Archer-Daniels-Midland in the first quarter worth approximately $30,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in Archer-Daniels-Midland in the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 78.28% of the company's stock.

Insider Activity at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company's stock, valued at $16,047,857.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Juan R. Luciano sold 45,471 shares of the company's 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 transaction, the chief executive officer now owns 265,210 shares of the company's stock, valued at $16,177,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company's stock, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland Price Performance

ADM stock traded down $0.57 during trading on Friday, hitting $54.64. The stock had a trading volume of 2,217,737 shares, compared to its average volume of 4,258,561. The company's 50 day moving average price is $58.84 and its two-hundred day moving average price is $60.36. 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 cap of $26.13 billion, a price-to-earnings ratio of 10.97 and a beta of 0.72. 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 (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share 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 firm had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same period in the previous year, the firm posted $1.89 EPS. The company's revenue for the quarter was down 11.7% compared to the same quarter last year. On average, sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.16 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced 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 yield of 3.66%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland's payout ratio is 40.16%.

Analysts Set New Price Targets

A number of analysts have weighed in on ADM shares. JPMorgan Chase & Co. raised their price objective 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 lifted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Finally, 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. One investment analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland has an average rating of "Hold" and an average price target of $63.82.

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.