Impact Partnership Wealth LLC Makes New $605,000 Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Impact Partnership Wealth LLC acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,010 shares of the company’s stock, valued at approximately $605,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Archer-Daniels-Midland by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after acquiring an additional 7,320,289 shares during the last quarter. Norges Bank acquired a new position in Archer-Daniels-Midland during the fourth quarter worth approximately $420,457,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Archer-Daniels-Midland by 141.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock worth $187,885,000 after buying an additional 1,753,077 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Archer-Daniels-Midland by 11.1% in the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock worth $1,106,830,000 after buying an additional 1,532,284 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Archer-Daniels-Midland by 40.7% in the first quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock valued at $207,847,000 after acquiring an additional 957,270 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Up 0.3 %

Shares of NYSE ADM traded up $0.18 during midday trading on Thursday, reaching $61.60. 250,045 shares of the company’s stock were exchanged, compared to its average volume of 4,623,368. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $80.96. The business’s fifty day moving average price is $61.30 and its two-hundred day moving average price is $60.41. The stock has a market capitalization of $30.46 billion, a PE ratio of 10.77 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data 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 business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.89 earnings per share. Analysts forecast that Archer-Daniels-Midland Company will post 5.47 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Citigroup cut their price objective 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. JPMorgan Chase & Co. lifted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average target price of $64.62.

Insider Activity

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction that occurred 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 owns 265,210 shares in the company, valued at $16,177,810. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland 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 directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The transaction 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 stock in a transaction dated 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 owns 265,210 shares in the company, valued at approximately $16,177,810. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is currently owned by corporate 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.