Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Transform Wealth LLC

Transform Wealth LLC reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 92.0% in the 1st quarter, HoldingsChannel reports. The firm owned 3,431 shares of the company’s stock after selling 39,695 shares during the quarter. Transform Wealth LLC’s holdings in Archer-Daniels-Midland were worth $216,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ADM. Norges Bank acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $420,457,000. Morgan Stanley raised its holdings in Archer-Daniels-Midland by 41.8% in the 3rd quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock valued at $651,737,000 after acquiring an additional 2,547,232 shares during the last quarter. Wellington Management Group LLP raised its holdings in Archer-Daniels-Midland by 11.1% in 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 acquiring an additional 1,532,284 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Archer-Daniels-Midland by 27,778.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,009,197 shares of the company’s stock valued at $76,114,000 after acquiring an additional 1,005,577 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Archer-Daniels-Midland by 31.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company’s stock valued at $216,026,000 after acquiring an additional 683,984 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the sale, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Archer-Daniels-Midland Stock Down 0.4 %

Shares of Archer-Daniels-Midland stock traded down $0.23 during trading on Friday, reaching $60.38. The company had a trading volume of 641,877 shares, compared to its average volume of 5,278,545. The company has a market cap of $29.85 billion, a price-to-earnings ratio of 10.64 and a beta of 0.75. The firm’s fifty day moving average is $61.02 and its 200-day moving average is $61.51. 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 Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. The business had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.09 EPS. On average, analysts anticipate that Archer-Daniels-Midland Company will post 5.62 EPS for the current year.

Archer-Daniels-Midland declared that its board has initiated a share repurchase plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were paid a $0.50 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BMO Capital Markets cut their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. Bank of America decreased their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Jefferies Financial Group decreased their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. Finally, Citigroup upped their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus price target of $67.50.

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.