3,555 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Purchased by Wedmont Private Capital

Wedmont Private Capital purchased a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,555 shares of the company’s stock, valued at approximately $227,000.

Several other large investors have also recently added to or reduced their stakes in ADM. Orion Capital Management LLC purchased a new position in Archer-Daniels-Midland during the third quarter worth about $28,000. Tompkins Financial Corp purchased a new position in Archer-Daniels-Midland in the third quarter valued at about $28,000. Operose Advisors LLC purchased a new position in Archer-Daniels-Midland in the third quarter valued at about $30,000. Rise Advisors LLC purchased a new position in Archer-Daniels-Midland in the first quarter valued at about $34,000. Finally, EdgeRock Capital LLC purchased a new position in Archer-Daniels-Midland in the fourth quarter valued at about $35,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the transaction, the insider now owns 8,555 shares of the company’s stock, valued at approximately $519,545.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ADM has been the subject of a number of research analyst reports. Jefferies Financial Group dropped their target price on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. Citigroup increased their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Bank of America lowered their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland Stock Up 0.6 %

Shares of NYSE ADM opened at $61.35 on Friday. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30. The firm’s 50 day moving average price is $60.97 and its 200 day moving average price is $61.78. The firm has a market cap of $30.33 billion, a P/E ratio of 10.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. The company had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. Archer-Daniels-Midland’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter last year, the business earned $2.09 EPS. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.61 earnings per share for the current year.

Archer-Daniels-Midland declared that its Board of Directors has approved a share buyback plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

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.