Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Reduced by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its position in Archer-Daniels-Midland Company (NYSE:ADM) by 9.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,217 shares of the company’s stock after selling 11,761 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Archer-Daniels-Midland were worth $6,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cherry Tree Wealth Management LLC purchased a new position in Archer-Daniels-Midland in the first quarter valued at about $27,000. Riverview Trust Co bought a new stake in shares of Archer-Daniels-Midland during the 2nd quarter worth about $27,000. Altshuler Shaham Ltd bought a new stake in shares of Archer-Daniels-Midland during the 2nd quarter worth about $28,000. Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter worth about $30,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Archer-Daniels-Midland during the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 $16,047,857.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction that occurred 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 directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock valued at $13,296,833 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Trading Down 1.4 %

Archer-Daniels-Midland stock opened at $55.53 on Thursday. The business has a 50 day moving average price of $59.04 and a two-hundred day moving average price of $60.43. 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 stock has a market cap of $26.55 billion, a price-to-earnings ratio of 11.15 and a beta of 0.72. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the company earned $1.89 EPS. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.60%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 40.16%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Citigroup decreased their price target 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. Finally, 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. One research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.82.

Archer-Daniels-Midland 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.