Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Raised by Jacobi Capital Management LLC

Jacobi Capital Management LLC raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 16.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,156 shares of the company’s stock after purchasing an additional 2,105 shares during the period. Jacobi Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $952,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position 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 buying an additional 7,320,289 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Archer-Daniels-Midland by 11.1% during the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after buying an additional 1,532,284 shares during the last quarter. First Trust Advisors LP grew its position in shares of Archer-Daniels-Midland by 3.5% during the 4th quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock valued at $468,591,000 after buying an additional 217,459 shares during the last quarter. Norges Bank bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at about $420,457,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Archer-Daniels-Midland by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,043,862 shares of the company’s stock valued at $292,050,000 after buying an additional 244,765 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Insider Activity at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the 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 directly owns 8,555 shares of the company’s stock, valued at $519,545.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM traded down $0.04 during trading on Monday, reaching $64.15. The company had a trading volume of 1,376,996 shares, compared to its average volume of 5,106,621. The firm’s fifty day moving average is $61.73 and its 200 day moving average is $60.24. The firm has a market capitalization of $31.72 billion, a PE ratio of 11.23 and a beta of 0.74. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The company had revenue of $21.85 billion during the quarter, compared to analyst estimates of $22.26 billion. During the same period in the prior year, the business posted $2.09 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, equities analysts forecast that Archer-Daniels-Midland Company will post 5.56 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Wall Street Analyst Weigh In

Separately, Citigroup lowered their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus price target of $67.43.

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.