Jaffetilchin Investment Partners LLC Sells 2,743 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Jaffetilchin Investment Partners LLC lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 45.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,309 shares of the company’s stock after selling 2,743 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Archer-Daniels-Midland were worth $200,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of Archer-Daniels-Midland by 4,646.1% in the 4th quarter. International Assets Investment Management LLC now owns 198,816 shares of the company’s stock worth $143,580,000 after purchasing an additional 194,627 shares during the period. Kestra Private Wealth Services LLC grew its holdings in Archer-Daniels-Midland by 2.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 17,850 shares of the company’s stock worth $1,289,000 after acquiring an additional 464 shares during the period. Certuity LLC bought a new position in shares of Archer-Daniels-Midland in the 4th quarter worth about $208,000. Victory Capital Management Inc. lifted its stake in shares of Archer-Daniels-Midland by 50.3% in the 4th quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock valued at $29,946,000 after purchasing an additional 138,806 shares during the period. Finally, Essex Financial Services Inc. boosted its position in shares of Archer-Daniels-Midland by 27.3% during the 4th quarter. Essex Financial Services Inc. now owns 13,645 shares of the company’s stock valued at $985,000 after purchasing an additional 2,928 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ADM has been the subject of a number of research analyst reports. Citigroup lowered their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. JPMorgan Chase & Co. lifted 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, July 31st. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.62.

Archer-Daniels-Midland Stock Up 0.2 %

ADM stock traded up $0.15 during mid-day trading on Friday, reaching $60.99. 3,369,054 shares of the company traded hands, compared to its average volume of 4,677,056. The stock has a market cap of $30.16 billion, a price-to-earnings ratio of 10.70 and a beta of 0.74. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $81.70. The firm’s 50 day moving average price is $61.31 and its 200 day moving average price is $60.20. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly 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). The company had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share. As a group, equities research analysts predict that Archer-Daniels-Midland Company will post 5.41 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 3.28%. The ex-dividend date is Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Insiders Place Their Bets

In related news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

Archer-Daniels-Midland 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.