Eastern Bank Takes $149,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Eastern Bank bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,500 shares of the company’s stock, valued at approximately $149,000.

Several other institutional investors also recently bought and sold shares of ADM. Cherry Tree Wealth Management LLC acquired a new position in Archer-Daniels-Midland in the first quarter valued at $27,000. Riverview Trust Co purchased a new stake in Archer-Daniels-Midland in the second quarter valued at approximately $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland during the second quarter worth approximately $28,000. Crewe Advisors LLC purchased a new position in Archer-Daniels-Midland during the first quarter worth approximately $30,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at $34,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADM has been the subject of a number of research reports. UBS Group boosted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Citigroup decreased 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. Finally, JPMorgan Chase & Co. lifted their target price 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. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $65.62.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the business’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 directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland 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 directly owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock worth $13,296,833 over the last quarter. 1.20% of the stock is owned by corporate insiders.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $56.50 on Friday. The business has a 50 day moving average price of $59.31 and a two-hundred day moving average price of $60.66. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $77.35. The firm has a market cap of $27.94 billion, a PE ratio of 9.91 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results 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). The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 EPS. Sell-side analysts expect that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. 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 3.54%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Archer-Daniels-Midland Company 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.