AlTi Global Inc. Sells 61,310 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

AlTi Global Inc. lessened its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 44.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,719 shares of the company’s stock after selling 61,310 shares during the period. AlTi Global Inc.’s holdings in Archer-Daniels-Midland were worth $4,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Archer-Daniels-Midland by 50.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 96,105 shares of the company’s stock worth $5,810,000 after acquiring an additional 32,223 shares during the period. Xponance Inc. lifted its holdings in shares of Archer-Daniels-Midland by 117.3% during the 2nd quarter. Xponance Inc. now owns 158,309 shares of the company’s stock worth $9,570,000 after acquiring an additional 85,445 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Archer-Daniels-Midland by 52.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 18,004 shares of the company’s stock worth $1,088,000 after acquiring an additional 6,171 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $28,000. Finally, DRW Securities LLC increased its position in Archer-Daniels-Midland by 130.6% during the 2nd quarter. DRW Securities LLC now owns 6,787 shares of the company’s stock worth $410,000 after purchasing an additional 28,938 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.3 %

NYSE:ADM opened at $60.75 on Wednesday. The firm has a market cap of $29.05 billion, a P/E ratio of 10.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $77.35. The firm’s fifty day moving average is $60.62 and its 200-day moving average is $61.11.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share 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 business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same period last year, the business posted $1.89 earnings per share. The business’s revenue was down 11.7% on a year-over-year basis. Equities analysts expect that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Citigroup lowered their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. UBS Group upped their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $65.62.

Insider Transactions at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction dated 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. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction dated 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. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of 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. In the last ninety days, insiders sold 219,348 shares of company stock valued at $13,296,833. Corporate insiders own 1.20% of the company’s stock.

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.