Fielder Capital Group LLC Grows Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Fielder Capital Group LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,257 shares of the company’s stock after purchasing an additional 550 shares during the period. Fielder Capital Group LLC’s holdings in Archer-Daniels-Midland were worth $499,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. NBC Securities Inc. raised its stake in shares of Archer-Daniels-Midland by 9.6% in the first quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock valued at $114,000 after buying an additional 159 shares during the period. Quent Capital LLC lifted its holdings in Archer-Daniels-Midland by 8.2% during the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after purchasing an additional 164 shares during the last quarter. Focused Wealth Management Inc boosted its position in Archer-Daniels-Midland by 3.3% during the second quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock worth $323,000 after purchasing an additional 169 shares during the period. Accordant Advisory Group Inc lifted its stake in shares of Archer-Daniels-Midland by 0.8% during the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock valued at $1,418,000 after buying an additional 176 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in Archer-Daniels-Midland by 4.4% in the 1st quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock valued at $264,000 after buying an additional 177 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM traded up $0.15 during mid-day trading on Friday, reaching $60.99. 3,369,054 shares of the company were exchanged, compared to its average volume of 2,319,551. The stock has a market capitalization of $29.16 billion, a PE ratio of 10.70 and a beta of 0.74. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $81.70. The company’s 50 day moving average price is $61.31 and its 200 day moving average price is $60.25.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.89 earnings per share. Sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.47 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors 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 dividend yield of 3.28%. The ex-dividend date of this dividend is Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADM shares. Citigroup cut their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. JPMorgan Chase & Co. upped their price target on 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 research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average target price of $64.62.

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.