Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Barings LLC

Barings LLC lessened its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 9.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,959 shares of the company’s stock after selling 7,637 shares during the quarter. Barings LLC’s holdings in Archer-Daniels-Midland were worth $4,652,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ADM. Cherry Tree Wealth Management LLC acquired a new position in Archer-Daniels-Midland during the first quarter worth about $27,000. Riverview Trust Co purchased a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $27,000. Crewe Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter worth approximately $30,000. Sachetta LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at approximately $38,000. Finally, Rise Advisors LLC acquired a new stake in Archer-Daniels-Midland during the 1st quarter valued at $34,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $58.99 on Thursday. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $80.96. The firm has a market capitalization of $29.17 billion, a price-to-earnings ratio of 10.35 and a beta of 0.72. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $61.11 and its 200 day simple moving average is $60.61.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, equities research analysts expect that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,177,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction 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 approximately $16,177,810. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were 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 directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 219,348 shares of company stock valued at $13,296,833. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ADM. Citigroup decreased their price objective 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. UBS Group lifted their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price of $65.62.

About Archer-Daniels-Midland

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.