Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Csenge Advisory Group

Csenge Advisory Group grew its position in Archer-Daniels-Midland Company (NYSE:ADM) by 16.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,863 shares of the company’s stock after purchasing an additional 3,008 shares during the period. Csenge Advisory Group’s holdings in Archer-Daniels-Midland were worth $1,261,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Valeo Financial Advisors LLC grew its holdings in Archer-Daniels-Midland by 31.8% during the second quarter. Valeo Financial Advisors LLC now owns 4,885 shares of the company’s stock worth $295,000 after acquiring an additional 1,180 shares during the period. CWM LLC increased its holdings in shares of Archer-Daniels-Midland by 52.2% during the 2nd quarter. CWM LLC now owns 25,151 shares of the company’s stock valued at $1,520,000 after purchasing an additional 8,628 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of Archer-Daniels-Midland by 29.0% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 21,101 shares of the company’s stock valued at $1,276,000 after purchasing an additional 4,746 shares during the period. Mather Group LLC. boosted its holdings in Archer-Daniels-Midland by 6,642.1% during the second quarter. Mather Group LLC. now owns 216,961 shares of the company’s stock worth $13,627,000 after buying an additional 213,743 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC grew its position in Archer-Daniels-Midland by 11.8% during the second quarter. Sugarloaf Wealth Management LLC now owns 3,268 shares of the company’s stock valued at $198,000 after buying an additional 344 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Up 0.5 %

Shares of ADM stock traded up $0.30 during trading on Thursday, reaching $58.48. The company’s stock had a trading volume of 1,849,136 shares, compared to its average volume of 4,946,092. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of 10.26 and a beta of 0.74. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $86.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The stock’s 50-day moving average price is $61.80 and its 200 day moving average price is $59.54.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The company had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 earnings per share. On average, research analysts anticipate that Archer-Daniels-Midland Company will post 5.41 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.42%. The ex-dividend date is Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Analysts Set New Price Targets

ADM has been the topic of several analyst reports. Citigroup reduced their price target 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. upped their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.62.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland 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 sale, the insider now directly owns 8,555 shares of the company’s stock, valued at approximately $519,545.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

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.