Sequoia Financial Advisors LLC Purchases 647 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Sequoia Financial Advisors LLC lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,183 shares of the company’s stock after purchasing an additional 647 shares during the period. Sequoia Financial Advisors LLC’s holdings in Archer-Daniels-Midland were worth $489,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts recently commented on ADM shares. UBS Group upped their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. boosted their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Citigroup cut 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 report on Monday, July 15th. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average price target of $64.83.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $61.00, for a total value 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 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 in the last 90 days. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $56.56 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The stock has a market cap of $27.97 billion, a PE ratio of 9.92 and a beta of 0.72. The company’s fifty day moving average is $59.21 and its 200 day moving average is $60.54. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly 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 company had revenue of $22.25 billion for 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%. Archer-Daniels-Midland’s revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 earnings per share. Research analysts anticipate that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.54%. Archer-Daniels-Midland’s payout ratio is 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.