Blue Trust Inc. Acquires 518 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Blue Trust Inc. boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 31.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,171 shares of the company’s stock after purchasing an additional 518 shares during the period. Blue Trust Inc.’s holdings in Archer-Daniels-Midland were worth $136,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. NBC Securities Inc. boosted 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. Quent Capital LLC boosted its stake in shares of Archer-Daniels-Midland by 8.2% during the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after purchasing an additional 164 shares during the period. CHICAGO TRUST Co NA increased its stake in shares of Archer-Daniels-Midland by 4.4% in the first quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock worth $264,000 after buying an additional 177 shares during the period. Ameritas Investment Partners Inc. raised its holdings in Archer-Daniels-Midland by 0.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock valued at $1,577,000 after buying an additional 178 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its position in Archer-Daniels-Midland by 4.5% during the 1st quarter. Wesbanco Bank Inc. now owns 4,143 shares of the company’s stock valued at $260,000 after buying an additional 180 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Trading Up 1.0 %

Shares of NYSE ADM opened at $59.68 on Tuesday. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $83.00. 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 50-day moving average of $61.35 and a 200 day moving average of $59.87. The stock has a market cap of $29.51 billion, a P/E ratio of 10.47 and a beta of 0.74.

Archer-Daniels-Midland (NYSE:ADM) last released its 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). The business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.89 earnings per share. As a group, sell-side analysts expect that Archer-Daniels-Midland Company will post 5.41 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.35%. Archer-Daniels-Midland’s payout ratio is presently 35.09%.

Insider Transactions at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the sale, the insider now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

ADM has been the subject of several recent analyst reports. Citigroup lowered their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. JPMorgan Chase & Co. increased their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One investment 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, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $64.62.

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.