Taylor Hoffman Wealth Management Has $262,000 Stock Holdings in Archer Daniels Midland Co (NYSE:ADM)

Taylor Hoffman Wealth Management trimmed its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 25.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 6,422 shares of the company’s stock after selling 2,227 shares during the period. Taylor Hoffman Wealth Management’s holdings in Archer Daniels Midland were worth $262,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Farmers National Bank bought a new stake in shares of Archer Daniels Midland in the 1st quarter valued at about $27,000. Cornerstone Advisors Inc. raised its holdings in shares of Archer Daniels Midland by 72.1% in the 1st quarter. Cornerstone Advisors Inc. now owns 616 shares of the company’s stock valued at $27,000 after purchasing an additional 258 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at about $31,000. Alpha Omega Wealth Management LLC raised its holdings in shares of Archer Daniels Midland by 39.0% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 837 shares of the company’s stock valued at $36,000 after purchasing an additional 235 shares during the period. Finally, Hartford Financial Management Inc. raised its holdings in shares of Archer Daniels Midland by 125.0% in the 2nd quarter. Hartford Financial Management Inc. now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. Institutional investors own 75.00% of the company’s stock.

In other Archer Daniels Midland news, CFO Ray G. Young bought 3,400 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $36.74 per share, with a total value of $124,916.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Juan R. Luciano bought 5,457 shares of the stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $36.65 per share, for a total transaction of $199,999.05. The disclosure for this purchase can be found here. 1.11% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. BMO Capital Markets raised shares of Archer Daniels Midland from a “market perform” rating to an “outperform” rating and increased their price target for the company from $50.00 to $51.00 in a report on Monday, April 29th. ValuEngine cut shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Robert W. Baird reissued an “outperform” rating and issued a $48.00 price target (down from $54.00) on shares of Archer Daniels Midland in a report on Monday, April 29th. Finally, Buckingham Research lowered their price target on shares of Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Archer Daniels Midland presently has an average rating of “Hold” and an average price target of $49.71.

Archer Daniels Midland stock traded up $0.15 during trading hours on Monday, hitting $37.99. The company had a trading volume of 1,293,662 shares, compared to its average volume of 4,454,039. The firm has a market cap of $21.27 billion, a PE ratio of 10.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 0.89. Archer Daniels Midland Co has a one year low of $36.45 and a one year high of $52.06. The firm has a 50-day moving average of $40.25 and a 200 day moving average of $41.46.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). The company had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $16.79 billion. Archer Daniels Midland had a net margin of 2.08% and a return on equity of 8.53%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 earnings per share. As a group, research analysts expect that Archer Daniels Midland Co will post 2.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.40 annualized dividend and a yield of 3.69%. Archer Daniels Midland’s dividend payout ratio is currently 40.00%.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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