IFM Investors Pty Ltd Cuts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

IFM Investors Pty Ltd lowered its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 26.9% during the third quarter, Holdings Channel.com reports. The fund owned 72,636 shares of the company’s stock after selling 26,747 shares during the quarter. IFM Investors Pty Ltd’s holdings in Archer-Daniels-Midland were worth $4,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cherry Tree Wealth Management LLC purchased a new stake in shares of Archer-Daniels-Midland during the first quarter worth about $27,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland in the 2nd quarter worth about $27,000. Altshuler Shaham Ltd purchased a new stake in Archer-Daniels-Midland during the 2nd quarter worth approximately $28,000. Crewe Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the first quarter valued at approximately $30,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of Archer-Daniels-Midland in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 0.1 %

ADM stock opened at $56.56 on Friday. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $77.35. The firm has a market cap of $27.97 billion, a PE ratio of 9.92 and a beta of 0.72. The firm’s 50 day moving average price is $59.21 and its 200-day moving average price is $60.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

Archer-Daniels-Midland (NYSE:ADM) last posted its 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 business 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%. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.89 EPS. On average, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Insider Activity

In related news, 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 value of $2,773,731.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,348 shares of company stock valued at $13,296,833. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted 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 dropped their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Finally, UBS Group raised their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $64.83.

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.