Country Club Bank Reduces Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Country Club Bank reduced its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,848 shares of the company’s stock after selling 472 shares during the quarter. Country Club Bank’s holdings in Archer-Daniels-Midland were worth $1,264,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise increased its stake in Archer-Daniels-Midland by 83.7% in the first quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock valued at $1,879,000 after purchasing an additional 13,626 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Archer-Daniels-Midland by 14.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock valued at $271,000 after buying an additional 462 shares in the last quarter. Madison Asset Management LLC grew its position in shares of Archer-Daniels-Midland by 18.6% in the 4th quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock valued at $27,728,000 after buying an additional 60,313 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth $1,942,000. Finally, Victory Capital Management Inc. lifted its position in Archer-Daniels-Midland by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock valued at $29,946,000 after acquiring an additional 138,806 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Insiders Place Their Bets

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction dated 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 $519,545.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Stock Performance

ADM traded up $0.48 during trading on Thursday, hitting $58.86. The stock had a trading volume of 2,527,107 shares, compared to its average volume of 4,866,229. The firm has a market capitalization of $29.10 billion, a P/E ratio of 10.24 and a beta of 0.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $83.15. The company’s 50-day moving average price is $61.49 and its 200 day moving average price is $59.77.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company’s revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 earnings per share. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 5.41 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Analyst Upgrades and Downgrades

ADM has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Citigroup cut their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.