Bank of Montreal Can Reduces Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Bank of Montreal Can lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 48.9% in the second quarter, Holdings Channel.com reports. The fund owned 515,419 shares of the company’s stock after selling 492,724 shares during the period. Bank of Montreal Can’s holdings in Archer-Daniels-Midland were worth $31,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Archer-Daniels-Midland by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock worth $4,260,165,000 after purchasing an additional 7,320,289 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Archer-Daniels-Midland by 11.1% during the fourth quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after buying an additional 1,532,284 shares during the period. Pacer Advisors Inc. raised its stake in Archer-Daniels-Midland by 15,790.1% in the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after buying an additional 7,549,083 shares in the last quarter. First Trust Advisors LP lifted its holdings in Archer-Daniels-Midland by 3.5% in the fourth quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock worth $468,591,000 after buying an additional 217,459 shares during the period. Finally, ProShare Advisors LLC boosted its position in Archer-Daniels-Midland by 40.7% during the 1st quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock valued at $207,847,000 after acquiring an additional 957,270 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group raised their target price 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. raised their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Citigroup reduced their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $65.62.

Insider Buying and Selling

In other news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland Stock Performance

ADM stock opened at $59.37 on Friday. The stock has a market capitalization of $28.39 billion, a PE ratio of 10.42 and a beta of 0.72. The stock’s 50 day simple moving average is $60.47 and its 200 day simple moving average is $61.09. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $77.35. 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 released its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. Archer-Daniels-Midland’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share. As a group, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.37%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

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.