Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 8.4% in the third quarter, Holdings Channel.com reports. The fund owned 6,922 shares of the company’s stock after selling 638 shares during the period. Pallas Capital Advisors LLC’s holdings in Archer-Daniels-Midland were worth $391,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Cherry Tree Wealth Management LLC acquired a new stake in Archer-Daniels-Midland during the first quarter valued at approximately $27,000. Riverview Trust Co bought a new stake in shares of Archer-Daniels-Midland during the 2nd quarter worth $27,000. Altshuler Shaham Ltd acquired a new position in shares of Archer-Daniels-Midland in the 2nd quarter worth $28,000. Crewe Advisors LLC purchased a new stake in shares of Archer-Daniels-Midland during the first quarter valued at $30,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at $34,000. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ADM. JPMorgan Chase & Co. upped their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Citigroup reduced their price target 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. Finally, UBS Group lifted 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. One analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.82.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the business’s 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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock valued at $13,296,833 over the last three months. 1.20% of the stock is currently owned by insiders.

Archer-Daniels-Midland Stock Down 0.6 %

ADM opened at $55.20 on Friday. The company has a market capitalization of $26.39 billion, a PE ratio of 11.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $77.35. The business has a 50-day moving average of $58.95 and a 200-day moving average of $60.40.

Archer-Daniels-Midland (NYSE:ADM) last posted its 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 net margin of 2.93% and a return on equity of 12.06%. The business had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same quarter last year, the firm earned $1.89 earnings per share. Archer-Daniels-Midland’s revenue was down 11.7% compared to the same quarter last year. Equities research analysts forecast that Archer-Daniels-Midland Company will post 5.33 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 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.