The Manufacturers Life Insurance Company Trims Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

The Manufacturers Life Insurance Company trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 5.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 421,080 shares of the company’s stock after selling 25,119 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.09% of Archer-Daniels-Midland worth $25,454,000 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 ADM. Cherry Tree Wealth Management LLC acquired a new position in shares of Archer-Daniels-Midland in the 1st quarter worth approximately $27,000. Riverview Trust Co purchased a new position in shares of Archer-Daniels-Midland during the second quarter worth $27,000. Altshuler Shaham Ltd acquired a new stake in shares of Archer-Daniels-Midland in the second quarter valued at $28,000. Crewe Advisors LLC purchased a new stake in shares of Archer-Daniels-Midland in the 1st quarter valued at $30,000. Finally, Rise Advisors LLC acquired a new position in 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

In related news, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated 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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction dated 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 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. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 over the last quarter. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of 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 target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report 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 report on Monday, September 9th. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $65.62.

Archer-Daniels-Midland Stock Down 0.4 %

ADM opened at $59.53 on Wednesday. The stock has a market capitalization of $29.43 billion, a P/E ratio of 10.44 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 one year low of $50.72 and a one year high of $77.35. The business’s 50-day simple moving average is $60.14 and its 200-day simple moving average is $61.17.

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). 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%. Archer-Daniels-Midland’s revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share. Analysts anticipate that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.36%. Archer-Daniels-Midland’s payout ratio 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.