Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. grew its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 5.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,607 shares of the company’s stock after acquiring an additional 2,034 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $2,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ADM. Cherry Tree Wealth Management LLC acquired a new position in Archer-Daniels-Midland in the 1st quarter valued at about $27,000. Riverview Trust Co purchased a new position in Archer-Daniels-Midland in the second quarter worth approximately $27,000. Altshuler Shaham Ltd acquired a new stake in Archer-Daniels-Midland during the second quarter worth $28,000. Crewe Advisors LLC purchased a new stake in Archer-Daniels-Midland in the first quarter valued at $30,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 0.1 %

Shares of Archer-Daniels-Midland stock traded up $0.06 on Friday, reaching $56.56. 1,815,326 shares of the company were exchanged, compared to its average volume of 4,288,112. 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 1-year low of $50.72 and a 1-year high of $77.35. The company has a market cap of $27.97 billion, a P/E ratio of 9.92 and a beta of 0.72. The stock’s 50 day moving average price is $59.21 and its 200-day moving average price is $60.58.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Analyst Upgrades and Downgrades

ADM has been the topic of several research analyst reports. UBS Group boosted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. JPMorgan Chase & Co. lifted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Citigroup decreased their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus target price of $64.83.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. This trade represents a 0.00 % decrease in their position. 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 three months. Insiders own 1.20% of the company’s stock.

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.