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

Midland Wealth Advisors LLC lowered its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.1% during the second quarter, HoldingsChannel.com reports. The fund owned 16,662 shares of the company’s stock after selling 180 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Archer-Daniels-Midland were worth $1,007,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ADM. Cherry Tree Wealth Management LLC acquired a new stake in Archer-Daniels-Midland in the 1st quarter valued at about $27,000. Riverview Trust Co acquired a new stake in shares of Archer-Daniels-Midland in the second quarter valued at approximately $27,000. Crewe Advisors LLC purchased a new position in shares of Archer-Daniels-Midland during the 1st quarter worth approximately $30,000. EdgeRock Capital LLC acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $35,000. Finally, Sachetta LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at approximately $38,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ADM. JPMorgan Chase & Co. raised their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Citigroup decreased their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $64.62.

Archer-Daniels-Midland Trading Down 0.8 %

Shares of ADM stock traded down $0.46 during trading hours on Tuesday, hitting $60.53. 358,381 shares of the company were exchanged, compared to its average volume of 4,651,501. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $80.96. The firm has a fifty day moving average of $61.28 and a 200 day moving average of $60.35. The firm has a market cap of $28.94 billion, a PE ratio of 10.70 and a beta of 0.74. 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 posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. During the same period in the prior year, the business earned $1.89 EPS. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. Analysts expect that Archer-Daniels-Midland Company will post 5.47 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

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.