Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 3.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,371 shares of the company’s stock after selling 1,724 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Archer-Daniels-Midland were worth $3,368,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ADM. RFG Advisory LLC acquired a new stake in Archer-Daniels-Midland in the first quarter valued at $208,000. Gateway Investment Advisers LLC raised its stake in shares of Archer-Daniels-Midland by 73.2% during the 1st quarter. Gateway Investment Advisers LLC now owns 11,728 shares of the company’s stock worth $737,000 after buying an additional 4,955 shares during the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Archer-Daniels-Midland by 40.7% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 16,355 shares of the company’s stock worth $1,027,000 after buying an additional 4,732 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter worth $212,000. Finally, Exeter Financial LLC raised its stake in shares of Archer-Daniels-Midland by 7.7% during the 1st quarter. Exeter Financial LLC now owns 24,460 shares of the company’s stock worth $1,547,000 after buying an additional 1,744 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the firm’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 transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. 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 is available through this hyperlink. In other news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The trade was 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 owned by company insiders.

Analyst Ratings Changes

ADM has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. UBS Group lifted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Citigroup cut their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus target price of $65.62.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $55.67 on Wednesday. The company has a market cap of $27.53 billion, a P/E ratio of 9.77 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $59.36 and its two-hundred day moving average is $60.69. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $77.35.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share 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 firm had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same quarter in the previous year, the business posted $1.89 EPS. Archer-Daniels-Midland’s revenue was down 11.7% compared to the same quarter last year. Analysts expect that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.59%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 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.