Diversified Trust Co Has $386,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Diversified Trust Co cut its position in Archer-Daniels-Midland Company (NYSE:ADM) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,461 shares of the company’s stock after selling 178 shares during the period. Diversified Trust Co’s holdings in Archer-Daniels-Midland were worth $386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cherry Tree Wealth Management LLC acquired a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at approximately $27,000. Riverview Trust Co bought a new stake in Archer-Daniels-Midland in the 2nd quarter valued at $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland in the 2nd quarter worth $28,000. Crewe Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland in the 1st quarter valued at about $30,000. Finally, Rise Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $34,000. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Trading Up 0.6 %

Archer-Daniels-Midland stock opened at $57.29 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The stock has a 50-day simple moving average of $59.58 and a 200 day simple moving average of $61.05. The stock has a market capitalization of $28.33 billion, a P/E ratio of 10.05 and a beta of 0.72. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last posted its 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 business had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The firm’s revenue was down 11.7% compared to the same quarter last year. Analysts expect that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is 35.09%.

Wall Street Analyst Weigh In

ADM has been the subject of a number of research reports. Citigroup decreased their price objective 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. UBS Group lifted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $65.62.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 in the last three months. 1.20% of the stock is currently owned by company insiders.

About Archer-Daniels-Midland

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.