Signaturefd LLC Sells 191 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Signaturefd LLC trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,425 shares of the company’s stock after selling 191 shares during the period. Signaturefd LLC’s holdings in Archer-Daniels-Midland were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC bought a new position in Archer-Daniels-Midland during the 1st quarter worth about $27,000. Riverview Trust Co bought a new position in Archer-Daniels-Midland during the 2nd quarter worth about $27,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland during the 2nd quarter worth about $28,000. Crewe Advisors LLC bought a new position in Archer-Daniels-Midland during the 1st quarter worth about $30,000. Finally, BOK Financial Private Wealth Inc. bought a new position in Archer-Daniels-Midland during the 1st quarter worth about $34,000. 78.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on ADM shares. JPMorgan Chase & Co. raised their price target 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. Citigroup lowered their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock 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 company a “neutral” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price of $65.62.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, 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 Stock Performance

Shares of Archer-Daniels-Midland stock opened at $56.08 on Thursday. The firm has a market capitalization of $27.73 billion, a P/E ratio of 9.84 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $59.31 and a 200 day moving average price of $60.66. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. Sell-side analysts expect that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The firm 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 yield of 3.57%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio 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.