Empirical Finance LLC Acquires 634 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Empirical Finance LLC boosted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 3.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,956 shares of the company’s stock after purchasing an additional 634 shares during the quarter. Empirical Finance LLC’s holdings in Archer-Daniels-Midland were worth $1,253,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ADM. Creative Planning raised its holdings in Archer-Daniels-Midland by 7.9% in the third quarter. Creative Planning now owns 71,928 shares of the company’s stock worth $5,425,000 after purchasing an additional 5,262 shares in the last quarter. Comerica Bank bought a new position in shares of Archer-Daniels-Midland in the third quarter worth approximately $9,986,000. Public Sector Pension Investment Board lifted its stake in shares of Archer-Daniels-Midland by 10.1% in the third quarter. Public Sector Pension Investment Board now owns 57,426 shares of the company’s stock worth $4,331,000 after buying an additional 5,273 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Archer-Daniels-Midland by 216.2% in the third quarter. EP Wealth Advisors LLC now owns 6,347 shares of the company’s stock worth $479,000 after buying an additional 4,340 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Archer-Daniels-Midland in the third quarter worth approximately $192,000. Institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the transaction, the insider now owns 8,555 shares in the company, valued at $519,545.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ADM shares. Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Bank of America decreased their price objective on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM traded up $0.03 during midday trading on Friday, reaching $64.28. 2,181,269 shares of the company were exchanged, compared to its average volume of 5,233,468. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average is $61.36 and its two-hundred day moving average is $60.73. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The stock has a market cap of $31.78 billion, a PE ratio of 11.27 and a beta of 0.74.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The business had revenue of $21.85 billion during the quarter, compared to analyst estimates of $22.26 billion. During the same quarter last year, the business earned $2.09 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 9.2% compared to the same quarter last year. As a group, analysts predict that Archer-Daniels-Midland Company will post 5.56 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 3.11%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

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.