Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Busey Bank

Busey Bank raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 3.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 41,081 shares of the company’s stock after purchasing an additional 1,440 shares during the period. Busey Bank’s holdings in Archer-Daniels-Midland were worth $2,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. RFG Advisory LLC acquired a new position in Archer-Daniels-Midland during the first quarter worth approximately $208,000. Wealth Enhancement Advisory Services LLC raised its position in Archer-Daniels-Midland by 6.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,486 shares of the company’s stock valued at $2,355,000 after purchasing an additional 2,126 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its stake in Archer-Daniels-Midland by 28.8% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 6,568 shares of the company’s stock worth $413,000 after purchasing an additional 1,468 shares during the period. SteelPeak Wealth LLC acquired a new position in Archer-Daniels-Midland in the first quarter valued at $2,249,000. Finally, Oak Thistle LLC purchased a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $347,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $56.50 on Friday. The firm has a market capitalization of $27.94 billion, a PE ratio of 9.91 and a beta of 0.72. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $77.35. The firm’s 50-day simple moving average is $59.31 and its 200 day simple moving average is $60.66. 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 released its quarterly earnings results 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 business had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same quarter in the prior year, the company earned $1.89 earnings per share. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, equities research analysts predict that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.54%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ADM. UBS Group raised their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Citigroup dropped their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. increased their price target 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $65.62.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s 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 owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 over the last quarter. Insiders own 1.20% of the company’s stock.

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.