Archer-Daniels-Midland Company (NYSE:ADM) CEO Juan R. Luciano Sells 45,471 Shares of Stock

Archer-Daniels-Midland Company (NYSE:ADM) CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Archer-Daniels-Midland Trading Up 1.3 %

NYSE:ADM opened at $61.40 on Thursday. The company has a market capitalization of $29.36 billion, a P/E ratio of 10.77 and a beta of 0.74. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $80.96. The firm has a fifty day simple moving average of $61.30 and a 200-day simple moving average of $60.41.

Archer-Daniels-Midland (NYSE:ADM) last issued 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). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same period in the prior year, the firm posted $1.89 EPS. The business’s revenue was down 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.47 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is 35.09%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADM. 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 report on Monday, July 15th. JPMorgan Chase & Co. lifted their target price on 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 research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $64.62.

Institutional Trading of Archer-Daniels-Midland

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Archer-Daniels-Midland by 12.1% in the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after purchasing an additional 7,320,289 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Archer-Daniels-Midland by 11.1% in the fourth quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock worth $1,106,830,000 after buying an additional 1,532,284 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Archer-Daniels-Midland by 15,790.1% during the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after acquiring an additional 7,549,083 shares during the period. First Trust Advisors LP raised its position in Archer-Daniels-Midland by 3.5% during the fourth quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock valued at $468,591,000 after acquiring an additional 217,459 shares in the last quarter. Finally, Norges Bank acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $420,457,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

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.