Idaho Trust Bank Makes New Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Idaho Trust Bank purchased a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,400 shares of the company’s stock, valued at approximately $266,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Archer-Daniels-Midland by 12.1% in the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after purchasing an additional 7,320,289 shares during the period. Wellington Management Group LLP raised its holdings in Archer-Daniels-Midland by 11.1% during the fourth quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock worth $1,106,830,000 after purchasing an additional 1,532,284 shares during the last quarter. First Trust Advisors LP grew its holdings in Archer-Daniels-Midland by 3.5% in the fourth quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock valued at $468,591,000 after purchasing an additional 217,459 shares during the last quarter. Norges Bank purchased a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at $420,457,000. Finally, ProShare Advisors LLC boosted its position in shares of Archer-Daniels-Midland by 40.7% in the 1st quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock worth $207,847,000 after buying an additional 957,270 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. UBS Group upped their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday. Citigroup lowered their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.62.

Insider Buying and Selling

In related news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the sale, the chief executive officer now 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 available through this hyperlink. In related news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction that occurred on 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 owns 265,210 shares in the company, valued at approximately $16,177,810. The disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock worth $13,296,833 over the last ninety days. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland Trading Down 0.1 %

ADM opened at $58.99 on Thursday. The stock has a market capitalization of $29.17 billion, a PE ratio of 10.35 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $80.96. The firm’s fifty day moving average price is $61.11 and its 200 day moving average price is $60.61.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly 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 the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 EPS. As a group, research analysts expect that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.39%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Archer-Daniels-Midland Company 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.