Victory Capital Management Inc. Has $56.68 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Victory Capital Management Inc. lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 16.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 937,635 shares of the company’s stock after acquiring an additional 130,059 shares during the quarter. Victory Capital Management Inc. owned approximately 0.19% of Archer-Daniels-Midland worth $56,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise grew its holdings in shares of Archer-Daniels-Midland by 83.7% during the first quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock worth $1,879,000 after purchasing an additional 13,626 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Archer-Daniels-Midland by 14.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock worth $271,000 after acquiring an additional 462 shares during the last quarter. Madison Asset Management LLC increased its position in Archer-Daniels-Midland by 18.6% in the 4th quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock valued at $27,728,000 after acquiring an additional 60,313 shares during the period. Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at $1,942,000. Finally, Eudaimonia Partners LLC lifted its holdings in shares of Archer-Daniels-Midland by 39.8% during the fourth quarter. Eudaimonia Partners LLC now owns 15,945 shares of the company’s stock worth $1,152,000 after purchasing an additional 4,537 shares during the period. Institutional investors own 78.28% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction that occurred on 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 owns 265,210 shares in the company, valued at approximately $16,177,810. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,348 shares of company stock valued at $13,296,833. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ADM shares. JPMorgan Chase & Co. upped their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Citigroup cut 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 research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.62.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $59.47 on Monday. 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 company has a fifty day moving average price of $61.27 and a 200-day moving average price of $60.54. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $80.96. The firm has a market cap of $29.40 billion, a price-to-earnings ratio of 10.43 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 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 firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $23.12 billion. During the same quarter last year, the business posted $1.89 EPS. The company’s quarterly revenue was down 11.7% on a year-over-year basis. As a group, equities research analysts predict that Archer-Daniels-Midland Company will post 5.47 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors 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 dividend on an annualized basis and a yield of 3.36%. Archer-Daniels-Midland’s dividend payout ratio (DPR) 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.