Artemis Investment Management LLP Buys 107,211 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Artemis Investment Management LLP increased its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 14.6% during the first quarter, Holdings Channel.com reports. The firm owned 840,324 shares of the company’s stock after purchasing an additional 107,211 shares during the quarter. Artemis Investment Management LLP’s holdings in Archer-Daniels-Midland were worth $52,753,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Archer-Daniels-Midland in the 3rd quarter worth $28,000. Tompkins Financial Corp bought a new stake in Archer-Daniels-Midland during the third quarter valued at about $28,000. Operose Advisors LLC bought a new stake in Archer-Daniels-Midland during the third quarter valued at about $30,000. Rise Advisors LLC bought a new stake in Archer-Daniels-Midland during the first quarter valued at about $34,000. Finally, EdgeRock Capital LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter valued at about $35,000. 78.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ADM. Citigroup raised their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. BMO Capital Markets decreased their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a report on Wednesday, March 13th. Bank of America reduced their target price on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Finally, Jefferies Financial Group reduced their target price on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price of $67.50.

Insider Activity

In other news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland stock in a transaction that occurred 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 sale, the insider now owns 8,555 shares of the company’s stock, valued at $519,545.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.3 %

Shares of NYSE:ADM traded down $0.16 during trading hours on Friday, hitting $60.45. 11,628,427 shares of the company’s stock traded hands, compared to its average volume of 5,367,933. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30. The business has a fifty day moving average price of $61.02 and a 200-day moving average price of $61.51. The firm has a market capitalization of $29.89 billion, a P/E ratio of 10.61 and a beta of 0.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The business had revenue of $21.85 billion during the quarter, compared to analyst estimates of $22.26 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. Equities analysts expect that Archer-Daniels-Midland Company will post 5.62 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Archer-Daniels-Midland declared that its Board of Directors has approved a share repurchase program on Tuesday, March 12th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

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.