Public Employees Retirement Association of Colorado Sells 8,615 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Public Employees Retirement Association of Colorado reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 11.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,436 shares of the company’s stock after selling 8,615 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Archer-Daniels-Midland were worth $4,137,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ADM shares. UBS Group boosted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. boosted their price target 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. Finally, Citigroup dropped their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock 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 company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average price target of $65.62.

Archer-Daniels-Midland Trading Down 1.7 %

Shares of Archer-Daniels-Midland stock opened at $61.36 on Monday. The stock 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 company has a market capitalization of $30.34 billion, a P/E ratio of 10.76 and a beta of 0.72. 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 (NYSE:ADM) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter last year, the company posted $1.89 EPS. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, sell-side 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 dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.26%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Insider Buying and Selling 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 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. Also, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The disclosure for this sale can be found here. Insiders sold 219,348 shares of company stock worth $13,296,833 in the last quarter. 1.20% of the stock is currently owned by company insiders.

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.