Hancock Whitney Corp Sells 1,522 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Hancock Whitney Corp lowered its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 24,680 shares of the company’s stock after selling 1,522 shares during the period. Hancock Whitney Corp’s holdings in Archer-Daniels-Midland were worth $1,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADM. Cherry Tree Wealth Management LLC bought a new stake in Archer-Daniels-Midland in the first quarter worth approximately $27,000. Riverview Trust Co bought a new stake in shares of Archer-Daniels-Midland in the 2nd quarter valued at $27,000. Crewe Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at $30,000. Rise Advisors LLC bought a new position in Archer-Daniels-Midland during the first quarter worth $34,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in Archer-Daniels-Midland in the first quarter worth $34,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction on Friday, August 30th. The stock was 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 in the company, valued at approximately $16,177,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland 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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of the 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 of the company’s stock, valued at $16,177,810. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland Trading Down 1.7 %

NYSE ADM opened at $61.36 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $60.75 and a 200 day simple moving average of $61.02. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $79.51. The firm has a market capitalization of $30.34 billion, a P/E ratio of 10.76 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly 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 net margin of 2.93% and a return on equity of 12.06%. The firm had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same period in the previous year, the business earned $1.89 earnings per share. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, analysts predict that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Wall Street Analysts Forecast Growth

ADM has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. UBS Group upped their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Citigroup reduced their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $65.62.

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.