Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC cut its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 26.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 987 shares of the company’s stock after selling 352 shares during the period. ICA Group Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $60,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise boosted its position in shares of Archer-Daniels-Midland by 83.7% during the first quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock worth $1,879,000 after buying an additional 13,626 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Archer-Daniels-Midland by 14.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock worth $271,000 after buying an additional 462 shares during the period. Madison Asset Management LLC boosted its position in shares of Archer-Daniels-Midland by 18.6% during the fourth quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock worth $27,728,000 after buying an additional 60,313 shares during the period. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Archer-Daniels-Midland during the fourth quarter worth approximately $1,942,000. Finally, Stolper Co bought a new stake in Archer-Daniels-Midland during the first quarter worth approximately $2,075,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADM has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. UBS Group boosted their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Citigroup dropped their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.62.

Insider Activity

In other news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction on 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 directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction on 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 directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. 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. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Trading Up 1.3 %

NYSE ADM opened at $60.39 on Monday. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $80.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The stock has a market cap of $29.86 billion, a price-to-earnings ratio of 10.59 and a beta of 0.72. The firm’s 50 day moving average price is $61.03 and its two-hundred day moving average price is $60.76.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share 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 firm had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. During the same quarter 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. Equities analysts anticipate that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders 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 3.31%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio 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.