Teachers Retirement System of The State of Kentucky Sells 2,982 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Teachers Retirement System of The State of Kentucky lowered its position in Archer-Daniels-Midland Company (NYSE:ADM) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,531 shares of the company’s stock after selling 2,982 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Archer-Daniels-Midland were worth $3,360,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Tompkins Financial Corp bought a new position in Archer-Daniels-Midland during the 3rd quarter worth about $28,000. Operose Advisors LLC bought a new position in Archer-Daniels-Midland during the 3rd quarter worth about $30,000. EdgeRock Capital LLC bought a new position in Archer-Daniels-Midland during the 4th quarter worth about $35,000. Finally, Sachetta LLC bought a new position in Archer-Daniels-Midland during the 4th quarter worth about $38,000. Institutional investors own 78.28% of the company’s stock.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the sale, the insider now directly owns 8,555 shares in the company, valued at $519,545.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ADM shares. Citigroup increased their target price on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Jefferies Financial Group lowered their target price on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. Bank of America reduced their price objective on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Finally, BMO Capital Markets reduced their price objective on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Trading Down 0.4 %

Shares of NYSE:ADM opened at $59.91 on Wednesday. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30. The company has a market capitalization of $29.62 billion, a P/E ratio of 10.51 and a beta of 0.75. The company has a 50-day simple moving average of $61.08 and a 200 day simple moving average of $61.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.11. The firm had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period last year, the business posted $2.09 earnings per share. Sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.61 earnings per share for the current year.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock buyback program on Tuesday, March 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 6.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 3.34%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

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.