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

Denali Advisors LLC decreased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 23.0% during the 2nd quarter, Holdings Channel reports. The fund owned 4,700 shares of the company’s stock after selling 1,400 shares during the quarter. Denali Advisors LLC’s holdings in Archer-Daniels-Midland were worth $284,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ADM. Vanguard Group Inc. raised its holdings in shares of Archer-Daniels-Midland by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after purchasing an additional 7,320,289 shares in the last quarter. Wellington Management Group LLP increased its holdings in Archer-Daniels-Midland by 11.1% in the fourth quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after buying an additional 1,532,284 shares during the last quarter. First Trust Advisors LP raised its stake in Archer-Daniels-Midland by 3.5% in the fourth quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock valued at $468,591,000 after buying an additional 217,459 shares in the last quarter. Norges Bank purchased a new stake in Archer-Daniels-Midland during the 4th quarter worth about $420,457,000. Finally, ProShare Advisors LLC boosted its position in shares of Archer-Daniels-Midland by 40.7% during the 1st quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock worth $207,847,000 after acquiring an additional 957,270 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group raised their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Citigroup cut their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus target price of $65.62.

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 170,194 shares of the 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Juan R. Luciano sold 45,471 shares of the 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 owns 265,210 shares of the company’s stock, valued at $16,177,810. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated 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 owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,348 shares of company stock worth $13,296,833. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $60.46 on Wednesday. The firm has a market cap of $29.89 billion, a P/E ratio of 10.61 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $80.14. The business’s 50-day moving average price is $60.92 and its 200 day moving average price is $60.86. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly 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 return on equity of 12.06% and a net margin of 2.93%. The company had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. During the same quarter last year, the company earned $1.89 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, equities research analysts expect that Archer-Daniels-Midland Company will post 5.33 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.31%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Archer-Daniels-Midland 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.