Patrick M Sweeney & Associates Inc. Acquires 355 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Patrick M Sweeney & Associates Inc. grew its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,140 shares of the company’s stock after acquiring an additional 355 shares during the quarter. Patrick M Sweeney & Associates Inc.’s holdings in Archer-Daniels-Midland were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cherry Tree Wealth Management LLC acquired a new stake in Archer-Daniels-Midland in the 1st quarter worth $27,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland during the second quarter worth about $27,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland during the second quarter valued at about $28,000. Crewe Advisors LLC acquired a new position in Archer-Daniels-Midland in the 1st quarter valued at approximately $30,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Archer-Daniels-Midland in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 0.7 %

Shares of ADM opened at $56.08 on Thursday. The business’s 50 day simple moving average is $59.31 and its 200-day simple moving average is $60.66. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $77.35. The company has a market capitalization of $27.73 billion, a P/E ratio of 9.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same period in the prior year, the company earned $1.89 EPS. The firm’s revenue was down 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were given 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 3.57%. Archer-Daniels-Midland’s payout ratio is 35.09%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. 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 report on Wednesday, July 31st. UBS Group boosted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Citigroup decreased their target price 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 investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $65.62.

Insider Transactions at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction 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 of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now 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 sold a total of 219,348 shares of company stock worth $13,296,833 in the last quarter. 1.20% of the stock is owned by company insiders.

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.