Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,268 shares of the company’s stock after selling 332 shares during the period. Citizens Financial Group Inc. RI’s holdings in Archer-Daniels-Midland were worth $959,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position 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 last quarter. Wellington Management Group LLP grew its holdings in Archer-Daniels-Midland by 11.1% during 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 buying an additional 1,532,284 shares during the last quarter. First Trust Advisors LP increased its position in Archer-Daniels-Midland by 3.5% during the fourth quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock worth $468,591,000 after buying an additional 217,459 shares in the last quarter. Norges Bank acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth $420,457,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Archer-Daniels-Midland by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,043,862 shares of the company’s stock valued at $292,050,000 after acquiring an additional 244,765 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the sale, the insider now directly owns 8,555 shares in the company, valued at $519,545.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Down 2.6 %

NYSE:ADM traded down $1.57 during mid-day trading on Friday, hitting $58.91. The company had a trading volume of 4,080,866 shares, compared to its average volume of 5,000,455. The business has a fifty day simple moving average of $61.98 and a 200-day simple moving average of $59.90. The firm has a market capitalization of $28.17 billion, a price-to-earnings ratio of 10.35 and a beta of 0.74. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.29. The company has a current ratio of 4.58, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last announced its 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). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. During the same quarter in the previous year, the business posted $1.89 earnings per share. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. Equities analysts forecast that Archer-Daniels-Midland Company will post 5.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on ADM shares. Citigroup reduced their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. 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. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $64.62.

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.