Skip to Content

Raymond James Trust N.A. owns $892,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Raymond James Trust N.A. owns $892,000 in Archer-Daniels-Midland Company (NYSE:ADM)

In its most recent 13F filing with the Securities and Exchange Commission, Raymond James Trust N.A. stated that during the third quarter, it increased its holdings of Archer-Daniels-Midland Company (NYSE: ADM). This information was taken directly from the filing that the company made. Following the acquisition of a further 1,299 shares during the period in question, the fund’s total number of shares of the company above’s stock has increased to 11,087, bringing the total number of shares owned by the fund to 11,087. Raymond James Trust N.A. disclosed to the Securities and Exchange Commission (SEC) in its most recent report that the value of the company’s shares in Archer-Daniels-Midland was $892,000.

Additionally, the interests that several other institutional investors currently hold in the company have been adjusted due to recent transactions involving those investors. During the third quarter, Massmutual Trust Co. FSB ADV achieved a 71.6% increase in the amount of Archer-Daniels-Midland stock it owned. Massmutual Trust Co. FSB ADV now has a total of 326 shares of the company’s stock, which has a current value of $26,000 after purchasing an additional 136 shares during the most recent period. The value of these 326 shares is based on the most recent closing price of the company’s stock. During the second quarter, First Community Trust NA made a new investment in Archer-Daniels-Midland, which set the organization back approximately $27,000 in total capital expenditures. In addition, a new stake in Archer-Daniels-Midland was purchased by ACG Wealth during the second quarter for a price that was roughly equivalent to $27,000. The value of EverSource Wealth Advisors LLC’s investment in Archer-Daniels-Midland increased by 160.8% during the second quarter of 2018 as compared to the previous quarter. EverSource Wealth Advisors LLC now has a total of 339 shares of the company, which are worth a combined sum of $27,000. This is because the firm made an additional purchase of 209 shares during the most recent quarter. And finally, during the third quarter, Selective Wealth Management Inc. increased the amount of Archer-Daniels-Midland it held in its portfolio by 681.8 percent from the previous quarter’s value. As a result of the purchase of an additional 300 shares during the most recent fiscal quarter, Selective Wealth Management Inc. now holds 344 shares of the company’s stock, which have a combined value of $28,000. These shares were acquired. Hedge funds and other institutional investors currently own 78.23% of the outstanding shares.

A recent trend has seen an increase in brokerage firms showing interest in ADM as a possible investment opportunity. Robert W. Baird raised their target price on Archer-Daniels-Midland stock from $94.00 to $98.00 and upgraded their rating on Archer-Daniels-Midland stock from “neutral” to “outperform” in a research report that was published on Wednesday, October 26. Stifel Nicolaus increased their target price on Archer-Daniels-Midland from $114.00 to $116.00 in a research report published on Tuesday, January 3. On Tuesday, December 13, the UBS Group made public, for the very first time, the findings of a research study about Archer-Daniels-Midland. They suggested purchasing the company’s stock and a $115.00 per share price objective. Bank of America decreased its price target on Archer-Daniels-Midland from $104 to $100. It downgraded the company’s rating from “neutral” to “underweight” in a research note published on Monday, October 24. In addition, they lowered the rating they had given Archer-Daniels-Midland. StockNews.com changed its recommendation for Archer-Daniels-Midland from a “buy” rating to a “strong-buy” recommendation in a report published on Tuesday, December 20. Two analysts have assigned a rating of “hold” to the stock, seven analysts have assigned a rating of “buy,” and one analyst has assigned a rating of “strong buy” to the stock. The current consensus rating for Archer-Daniels-Midland is “Moderate Buy,” and the price objective for the company is set at $103.00, as reported by Bloomberg.

On Friday, ADM shares were trading for $87.39 per share. The Archer-Daniels-Midland Company hit an all-time low of $65.64 in the previous year, while it reached an all-time high of $98.88 in the preceding year. As a result, 0.32 is the same value for the debt-to-equity, current, and quick ratios. In addition, 1.51 is the value of the current ratio, while 0.93 is the value of the quick ratio. The stock’s simple moving average over the past 50 days is $92.91, and its simple moving average over the past 200 days is $87.03, respectively. The company’s market valuation of $48.01 billion is based on several metrics, including its price-to-earnings ratio of 12.05, its price-to-growth ratio of 1.87, and its beta value of 0.85.

On Tuesday, October 25, the most recent quarterly earnings report for Archer-Daniels-Midland (NYSE: ADM) was made available to the public. The company reported $1.86 per share earnings for the quarter, which is $0.44 more than the average estimate of $1.42 per share floating around the internet. The company’s revenue for the quarter came in at $24.68 billion, significantly higher than the average prediction of $22.21 billion made by financial analysts. As can be seen, by their return on equity of 17.75% and their net margin of 4.16%, Archer-Daniels-Midland did quite well regarding their financial performance. Compared to the previous year, the company’s quarterly sales growth rate was 21.4% higher than average. In the same period as the previous year, the business made a profit of $0.97 for each share it issued. The projections made by the research analysts at Archer-Daniels-Midland Company indicate that the company will generate 7.48 cents in earnings per share in 2018.

In addition, the corporation recently announced and paid out a quarterly dividend, which took place on December 7 of this year. On Wednesday, November 16, $0.40 dividend payments per share were mailed out to stockholders who already had their information on file. The dividend was paid to shareholders on November 15, a Tuesday that month. This translates to a yield of 1.83% and a dividend payment of $1.60 yearly for each shareholder. At present, Archer-Daniels-Midland has a payout ratio of 22.07%.

Additionally, Archer-Daniels-Midland Cameron Findlay, the company’s senior vice president of distribution, sold 26,198 shares of the company’s stock on November 28. The transaction resulted in a total value of $2,531,512.74 due to the purchase of the shares at an average price of $96.63 per share. The senior vice president now has a total of 284,987 company shares, which have an approximate value of $27,538,293.81 after the completion of the transaction. Additional information regarding the transaction can be found in a document sent to the SEC and is now available online. Additionally, on October 26, Chief Executive Officer Juan R. Luciano sold 300,000 shares of the company’s equity, which was reported in other news articles about this subject. Because each share was purchased at an average price of $93.38, the total value of the transaction came to $28,014,000.00. Following the transaction’s completion, the organization’s Chief Executive Officer is now the direct owner of 412,842 shares of the company. The current market value of these shares is $38,551,185.96. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. In addition, on Monday, November 28, Senior Vice President of Development Cameron Findlay sold 26,198 shares of the company’s stock. The total amount obtained from the sale of the shares was $2,531,512.74, and the price paid for each share, on average, was $96.63. After the completion of the sale, the senior vice president now directly owns a total of 284,987 shares of the company. Based on the current stock price, these shares are estimated to be worth approximately $27,538,293.81. Disclosures that are related to the sale might be found in this section of the website. During the most recent period of the company’s financial year, business insiders were responsible for the sale of 352,396 shares of company stock, which resulted in a total transaction value of $32,972,495 1.20 percent of the company’s total shares are owned by employees who the company currently employs.

Tags

Leave a comment

Your email address will not be published. Required fields are marked *