J.W. Cole Advisors Inc. Sells 1,095 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

J.W. Cole Advisors Inc. trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 7.3% during the third quarter, Holdings Channel reports. The institutional investor owned 13,876 shares of the company’s stock after selling 1,095 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADM. Cherry Tree Wealth Management LLC bought a new stake in Archer-Daniels-Midland in the first quarter valued at about $27,000. Riverview Trust Co bought a new position in shares of Archer-Daniels-Midland during the second quarter worth $27,000. Altshuler Shaham Ltd acquired a new position in shares of Archer-Daniels-Midland in the 2nd quarter valued at $28,000. Crewe Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the 1st quarter valued at $30,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in Archer-Daniels-Midland during the 1st quarter worth $34,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ADM shares. UBS Group boosted their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Citigroup dropped their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. upped their price objective on 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 research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $64.83.

Insider Buying and Selling

In related 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction on 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 directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock worth $13,296,833 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $56.32 on Wednesday. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $77.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The company has a market cap of $26.93 billion, a PE ratio of 11.31 and a beta of 0.72. The firm has a 50-day moving average of $59.11 and a 200-day moving average of $60.47.

Archer-Daniels-Midland (NYSE:ADM) last released its 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). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same period in the prior year, the business earned $1.89 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 40.16%.

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.