Country Club Bank Has $1.23 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Country Club Bank cut its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,533 shares of the company’s stock after selling 315 shares during the quarter. Country Club Bank’s holdings in Archer-Daniels-Midland were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ADM. Wealth Enhancement Advisory Services LLC increased its stake in shares of Archer-Daniels-Midland by 6.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,486 shares of the company’s stock worth $2,355,000 after acquiring an additional 2,126 shares during the last quarter. SteelPeak Wealth LLC acquired a new position in shares of Archer-Daniels-Midland in the first quarter worth $2,249,000. Oak Thistle LLC acquired a new position in shares of Archer-Daniels-Midland in the first quarter worth $347,000. Silverlake Wealth Management LLC increased its stake in shares of Archer-Daniels-Midland by 9.1% in the first quarter. Silverlake Wealth Management LLC now owns 4,373 shares of the company’s stock worth $275,000 after acquiring an additional 366 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Archer-Daniels-Midland by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 57,863 shares of the company’s stock worth $3,634,000 after buying an additional 265 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Archer-Daniels-Midland

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

Analysts Set New Price Targets

Several equities analysts have commented on ADM shares. 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 research report on Wednesday, July 31st. Citigroup lowered 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 research report on Monday, July 15th. Finally, UBS Group increased their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $64.83.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $56.56 on Friday. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $77.35. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $27.97 billion, a PE ratio of 9.92 and a beta of 0.72. The firm has a 50-day moving average price of $59.21 and a 200 day moving average price of $60.56.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate 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 business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 EPS. Research analysts anticipate that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 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.